Ramsdens (LON:RFX) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Ramsdens Holdings PLC (LON:RFX) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 236.40 ($3.05) and traded as low as GBX 225 ($2.90). Ramsdens shares last traded at GBX 230 ($2.96), with a volume of 45,856 shares trading hands.

Ramsdens Trading Down 1.1 %

The stock has a market capitalization of £72.08 million, a PE ratio of 9.18 and a beta of 1.22. The company has a quick ratio of 1.62, a current ratio of 3.14 and a debt-to-equity ratio of 33.70. The business’s 50-day moving average is GBX 236.40 and its two-hundred day moving average is GBX 225.28.

Ramsdens (LON:RFX) last announced its earnings results on Tuesday, January 14th. The company reported GBX 26.10 ($0.34) EPS for the quarter. Ramsdens had a net margin of 8.78% and a return on equity of 15.34%. On average, analysts anticipate that Ramsdens Holdings PLC will post 20.0899991 earnings per share for the current fiscal year.

Ramsdens Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, March 21st. Investors of record on Thursday, February 13th will be issued a dividend of GBX 7.60 ($0.10) per share. This is a boost from Ramsdens’s previous dividend of $3.60. This represents a yield of 3.23%. The ex-dividend date of this dividend is Thursday, February 13th. Ramsdens’s dividend payout ratio is currently 44.86%.

Insider Buying and Selling

In other Ramsdens news, insider Peter Edward Kenyon sold 90,000 shares of the company’s stock in a transaction dated Monday, January 27th. The shares were sold at an average price of GBX 226 ($2.91), for a total transaction of £203,400 ($262,180.97). 19.77% of the stock is currently owned by corporate insiders.

About Ramsdens