Keystone Law Group (LON:KEYS) Shares Down 0.5% – Here’s What Happened

Keystone Law Group plc (LON:KEYS)’s share price fell 0.5% during trading on Friday . The stock traded as low as GBX 546 and last traded at GBX 548. Approximately 29,898 shares changed hands during mid-day trading, a decline of 64% from the average daily volume of 84,199 shares. The stock had previously closed at GBX 551.

Keystone Law Group Stock Performance

The company has a market cap of £172.34 million, a P/E ratio of 15.98 and a beta of 0.27. The company has a quick ratio of 1.46, a current ratio of 1.59 and a debt-to-equity ratio of 8.06. The stock has a 50 day moving average price of GBX 540.62 and a two-hundred day moving average price of GBX 541.58.

Keystone Law Group declared that its Board of Directors has approved a share repurchase plan on Friday, May 15th that permits the company to repurchase 0 outstanding shares. This repurchase authorization permits the company to purchase shares of its stock through open market purchases. Shares repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

About Keystone Law Group

Keystone Law Group plc provides conventional legal services in the United Kingdom. The company offers its legal services in the areas of banking and finance, capital market, commercial, commercial property, construction and projects, corporate, data protection, dispute resolution, employment, EU and competition law, family and matrimonial, fraud and financial crime, and immigration. It provides legal services in insurance, intellectual property, investment funds and management, licensing, mediation and ADR, pensions and incentives, planning and environment, probate and estate planning, residential property, restructuring and insolvency, tax, and technology.