AUS
NZ
UK
CA
USA
FRA
GER
ESP
ITA
NLD
PRT
SWE
GRC
IND
POL
BRA
ZAF
RUS
CHN
UAE
Highlights
- Literacy Capital PLC (BOOK) shares dipped 0.6% on January 20th.
- The stock’s daily trading volume decreased by 84%, signaling subdued investor activity.
- The company continues to focus on supporting UK businesses and contributing to literacy charities.
On January 20th, 2025, Literacy Capital PLC (LON:BOOK) saw a modest decline of 0.6%, with its shares dropping to GBX 447.50 ($5.52) after trading as low as GBX 440 ($5.43) earlier in the day. This drop reflects a broader market trend, compounded by a dramatic decrease in trading volume. Only 2,668 shares were traded, a stark contrast to the average daily volume of 16,486 shares. The stock had closed at GBX 450 ($5.55) on the previous trading day. The performance of Literacy Capital adds to the mix of LON financial stocks, showcasing the ongoing volatility in the financial sector on the London Stock Exchange.
Despite this small dip, Literacy Capital continues to hold a market capitalization of £269.26 million, which places it in the upper echelons of LON consumer stocks. The company’s high PE ratio of 1,316.18 and a beta of -0.25 indicate a relatively low correlation with broader market movements, highlighting its stability within the sector. Literacy Capital’s low current ratio of 0.16 and debt-to-equity ratio of 2.07 further emphasize the company’s leveraged position, but its quick ratio of 1.73 suggests liquidity.
Literacy Capital PLC, founded in 2017, is a closed-end investment company focused on supporting UK businesses. The company aims to help management teams succeed while also contributing to literacy initiatives in the UK. Each year, Literacy Capital donates 0.9% of its net assets to literacy charities, reinforcing its unique combination of profit-driven and charitable objectives.
