Law Debenture (LON:LWDB) Shares Pass Above 50-Day Moving Average – Time to Sell?

Law Debenture Co. (LON:LWDB) shares passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 903.42 ($11.70) and traded as high as GBX 905 ($11.72). Law Debenture shares last traded at GBX 898 ($11.63), with a volume of 299,885 shares trading hands.

Law Debenture Trading Down 0.9 %

The company has a quick ratio of 3.21, a current ratio of 3.01 and a debt-to-equity ratio of 18.53. The firm has a market capitalization of £1.19 billion, a P/E ratio of 8.34 and a beta of 0.93. The firm’s 50-day simple moving average is GBX 903.38 and its 200-day simple moving average is GBX 892.56.

Law Debenture (LON:LWDB) last posted its quarterly earnings data on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.43) earnings per share (EPS) for the quarter. Law Debenture had a net margin of 69.85% and a return on equity of 15.91%.

Law Debenture Increases Dividend

The company also recently disclosed a dividend, which will be paid on Wednesday, April 16th. Stockholders of record on Thursday, March 20th will be given a dividend of GBX 9.50 ($0.12) per share. The ex-dividend date is Thursday, March 20th. This is a positive change from Law Debenture’s previous dividend of $8.00. This represents a dividend yield of 1.04%. Law Debenture’s dividend payout ratio is 29.78%.

About Law Debenture

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.