James Latham (LON:LTHM) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of James Latham plc (LON:LTHM) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,305.69 ($15.98) and traded as low as GBX 1,150 ($14.08). James Latham shares last traded at GBX 1,160 ($14.20), with a volume of 26,883 shares changing hands.

James Latham Stock Performance

The business has a fifty day simple moving average of GBX 1,220.01 and a two-hundred day simple moving average of GBX 1,305.69. The company has a quick ratio of 2.52, a current ratio of 5.43 and a debt-to-equity ratio of 4.30. The company has a market cap of £233.86 million, a P/E ratio of 1,026.55 and a beta of 0.83.

James Latham Cuts Dividend

The business also recently disclosed a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be paid a GBX 7.95 ($0.10) dividend. This represents a dividend yield of 0.62%. The ex-dividend date is Thursday, January 2nd. James Latham’s dividend payout ratio (DPR) is currently 3,008.85%.

About James Latham

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.