Franchise Brands (LON:FRAN) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Shares of Franchise Brands plc (LON:FRAN) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 165.96 ($2.17) and traded as low as GBX 152.32 ($1.99). Franchise Brands shares last traded at GBX 153.50 ($2.00), with a volume of 81,829 shares trading hands.

Franchise Brands Price Performance

The stock has a market cap of £302.01 million, a price-to-earnings ratio of 3,837.50 and a beta of 0.82. The company has a debt-to-equity ratio of 42.68, a quick ratio of 1.57 and a current ratio of 1.39. The company has a 50-day simple moving average of GBX 165.96 and a two-hundred day simple moving average of GBX 173.96.

Franchise Brands Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be issued a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date is Thursday, October 3rd. This represents a yield of 0.69%. Franchise Brands’s payout ratio is 5,000.00%.

Insider Buying and Selling at Franchise Brands

In other news, insider Nigel Wray sold 7,000,000 shares of the business’s stock in a transaction dated Thursday, September 19th. The shares were sold at an average price of GBX 160 ($2.09), for a total transaction of £11,200,000 ($14,625,228.52). In other Franchise Brands news, insider Peter Kear purchased 57,500 shares of the company’s stock in a transaction that occurred on Monday, July 29th. The shares were acquired at an average price of GBX 174 ($2.27) per share, for a total transaction of £100,050 ($130,647.69). Also, insider Nigel Wray sold 7,000,000 shares of Franchise Brands stock in a transaction on Thursday, September 19th. The stock was sold at an average price of GBX 160 ($2.09), for a total transaction of £11,200,000 ($14,625,228.52). Corporate insiders own 39.04% of the company’s stock.

About Franchise Brands

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.