Law Debenture (LON:LWDB) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Shares of Law Debenture Co. (LON:LWDB) passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 883.51 ($11.20) and traded as low as GBX 877 ($11.12). Law Debenture shares last traded at GBX 882 ($11.18), with a volume of 113,403 shares trading hands.

Law Debenture Trading Down 0.4 %

The company has a 50 day moving average of GBX 883.51 and a 200-day moving average of GBX 880.12. The stock has a market cap of £1.15 billion, a price-to-earnings ratio of 816.67 and a beta of 0.93. The company has a debt-to-equity ratio of 18.53, a quick ratio of 3.21 and a current ratio of 3.01.

Law Debenture Announces Dividend

The firm also recently announced a dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, September 26th were issued a dividend of GBX 8 ($0.10) per share. The ex-dividend date was Thursday, September 26th. This represents a yield of 0.89%. Law Debenture’s dividend payout ratio (DPR) is presently 2,962.96%.

Insider Buying and Selling

In other Law Debenture news, insider Pars Purewal purchased 16,671 shares of the business’s stock in a transaction on Thursday, August 29th. The shares were bought at an average cost of GBX 895 ($11.34) per share, for a total transaction of £149,205.45 ($189,131.01). 6.32% of the stock is currently owned by insiders.

About Law Debenture

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals in the United Kingdom and internationally. The company operates through two segments, Investment Portfolio and Independent Professional Services.