Share Repurchase Plan Announced by Keystone Law Group (LON:KEYS) Board

Keystone Law Group (LON:KEYS) declared that its Board of Directors has approved a stock buyback program on Friday, May 15th, RTT News reports. The company plans to buyback 0 shares. This buyback authorization allows the company to reacquire shares of its stock through open market purchases. Shares buyback programs are typically an indication that the company’s management believes its shares are undervalued.

Keystone Law Group Price Performance

KEYS stock traded up GBX 6 during trading on Friday, reaching GBX 566. 101,403 shares of the company were exchanged, compared to its average volume of 75,406. The company has a 50-day moving average of GBX 498.74 and a two-hundred day moving average of GBX 577.12. The company has a market capitalization of £179.52 million, a price-to-earnings ratio of 16.50 and a beta of 0.24. The company has a debt-to-equity ratio of 8.06, a current ratio of 1.59 and a quick ratio of 1.46. Keystone Law Group has a twelve month low of GBX 444 and a twelve month high of GBX 700.

Keystone Law Group (LON:KEYS) last announced its quarterly earnings results on Wednesday, April 29th. The company reported GBX 37 earnings per share (EPS) for the quarter. Keystone Law Group had a net margin of 9.59% and a return on equity of 59.02%. The company had revenue of £115.17 million during the quarter. As a group, equities analysts predict that Keystone Law Group will post 22.8524455 earnings per share for the current fiscal year.

Insider Activity

In other Keystone Law Group news, insider Isabel J. S. Napper purchased 950 shares of Keystone Law Group stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired at an average price of GBX 502 per share, with a total value of £4,769. Also, insider Robin George Williams purchased 3,000 shares of Keystone Law Group stock in a transaction that occurred on Wednesday, April 29th. The stock was acquired at an average cost of GBX 496 per share, with a total value of £14,880. Insiders bought a total of 5,950 shares of company stock worth $2,968,900 in the last three months. Company insiders own 29.11% of the company’s stock.

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.