Low & Bonar (LON:LWB) Stock Price Passes Above 200-Day Moving Average of $10.62

Shares of Low & Bonar plc (LON:LWB) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of $10.62 and traded as high as $14.30. Low & Bonar shares last traded at $14.25, with a volume of 174,079 shares.

Several analysts have commented on LWB shares. Canaccord Genuity dropped their target price on shares of Low & Bonar from GBX 20 ($0.26) to GBX 16 ($0.21) and set a “buy” rating on the stock in a report on Tuesday, July 30th. Peel Hunt restated an “add” rating on shares of Low & Bonar in a report on Monday, August 5th.

The company has a debt-to-equity ratio of 123.01, a quick ratio of 1.21 and a current ratio of 2.59. The stock has a market capitalization of $98.64 million and a price-to-earnings ratio of -0.79. The firm’s fifty day simple moving average is GBX 10.91 and its 200 day simple moving average is GBX 10.60.

About Low & Bonar (LON:LWB)

Low & Bonar PLC manufactures and supplies technical textiles worldwide. The company supplies a range of technical textile solutions for various applications in the air and water filtration, building, roofing, drainage, and erosion control; and woven and non-woven geotextiles, and construction fibers used in infrastructure projects, including road and rail building, land reclamation, and coastal defense.

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