Rockwood Strategic (LON:RKW) Trading Up 0.5% – Still a Buy?

Rockwood Strategic (LON:RKW)’s share price was up 0.5% during trading on Tuesday . The stock traded as high as GBX 314 and last traded at GBX 313. Approximately 94,856 shares changed hands during mid-day trading, a decline of 43% from the average daily volume of 165,010 shares. The stock had previously closed at GBX 311.43.

Rockwood Strategic Stock Up 0.5%

The company has a fifty day simple moving average of GBX 284.97 and a 200 day simple moving average of GBX 288.76. The firm has a market capitalization of £176.25 million, a P/E ratio of 14.45 and a beta of 0.96.

Insider Buying and Selling

In related news, insider Noel Lamb bought 7,000 shares of the company’s stock in a transaction on Wednesday, March 18th. The shares were acquired at an average cost of GBX 281 per share, with a total value of £19,670. Company insiders own 94.69% of the company’s stock.

About Rockwood Strategic

Rockwood Strategic Plc is an Investment Trust quoted on the London Stock Exchange that invests in a focused portfolio of smaller UK public companies. The strategy identifies undervalued shares, where the potential exists to improve returns and where the company is benefitting, or will benefit, from operational, strategic or management changes. These unlock, create or realise shareholder value for investors.

The strategy targets investment opportunities arising in the inefficient and niche market of UK small companies, uses the manager’s specialist experience and enhanced diligence approach to assess risk and harvests the benefits of long-term capital through patience and an ‘ownership’ mentality.