Imperial Brands (LON:IMB) Stock Passes Above 50-Day Moving Average – Time to Sell?

Imperial Brands PLC (LON:IMB)’s share price crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 2,692.47 ($34.71) and traded as high as GBX 2,794 ($36.01). Imperial Brands shares last traded at GBX 2,768 ($35.68), with a volume of 2,603,980 shares traded.

Imperial Brands Stock Performance

The company has a debt-to-equity ratio of 166.91, a quick ratio of 0.41 and a current ratio of 0.72. The stock has a market cap of £22.66 billion, a P/E ratio of 11.43, a P/E/G ratio of 16.51 and a beta of 0.42. The business’s 50-day moving average price is GBX 2,692.47 and its 200-day moving average price is GBX 2,445.44.

Imperial Brands Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be given a dividend of GBX 54.26 ($0.70) per share. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Imperial Brands’s previous dividend of $22.45. This represents a yield of 2.43%. Imperial Brands’s payout ratio is 64.80%.

Insiders Place Their Bets

In other news, insider Stefan Bomhard sold 112,183 shares of the stock in a transaction on Monday, February 17th. The shares were sold at an average price of GBX 2,788 ($35.94), for a total value of £3,127,662.04 ($4,031,531.37). Also, insider Alan Johnson bought 1,397 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were purchased at an average price of GBX 2,862 ($36.89) per share, for a total transaction of £39,982.14 ($51,536.66). Company insiders own 7.33% of the company’s stock.

Imperial Brands Company Profile

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.