Imperial Brands (LON:IMB) Shares Cross Above Fifty Day Moving Average – Should You Sell?

Imperial Brands PLC (LON:IMB) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 2,526.33 ($30.91) and traded as high as GBX 2,597 ($31.78). Imperial Brands shares last traded at GBX 2,597 ($31.78), with a volume of 1,182,575 shares changing hands.

Imperial Brands Price Performance

The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64. The company has a market cap of £21.87 billion, a price-to-earnings ratio of 1,127.39, a PEG ratio of 16.51 and a beta of 0.42. The stock’s 50-day simple moving average is GBX 2,526.33 and its 200 day simple moving average is GBX 2,284.63.

Imperial Brands Increases Dividend

The business also recently disclosed a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be issued a GBX 54.26 ($0.66) dividend. This is a positive change from Imperial Brands’s previous dividend of $22.45. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, February 20th. Imperial Brands’s dividend payout ratio is currently 6,652.17%.

Insider Buying and Selling

In other news, insider Jon Stanton bought 398,802 shares of the company’s stock in a transaction on Monday, January 6th. The stock was bought at an average cost of GBX 2,597 ($31.78) per share, with a total value of £10,356,887.94 ($12,672,076.28). Also, insider Lukas Paravicini sold 6,639 shares of the company’s stock in a transaction that occurred on Monday, December 16th. The stock was sold at an average price of GBX 2,615 ($32.00), for a total transaction of £173,609.85 ($212,418.76). 7.33% of the stock is currently owned by corporate insiders.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.