Law Debenture (LON:LWDB) Stock Price Passes Below 50 Day Moving Average of $861.74

Law Debenture Co. (LON:LWDB) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 861.74 ($10.93) and traded as low as GBX 847 ($10.74). Law Debenture shares last traded at GBX 849 ($10.77), with a volume of 89,561 shares trading hands.

Law Debenture Price Performance

The company’s 50-day moving average is GBX 861.74 and its 200-day moving average is GBX 812.11. The firm has a market capitalization of £1.11 billion, a price-to-earnings ratio of 1,463.79 and a beta of 0.89. The company has a debt-to-equity ratio of 19.86, a current ratio of 1.73 and a quick ratio of 3.21.

Law Debenture Cuts Dividend

The business also recently declared a dividend, which will be paid on Thursday, July 4th. Shareholders of record on Thursday, May 30th will be issued a GBX 8 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a dividend yield of 0.9%. Law Debenture’s dividend payout ratio (DPR) is presently 5,517.24%.

Insider Transactions at Law Debenture

In other news, insider Denis Jackson sold 6,973 shares of the business’s stock in a transaction dated Friday, April 12th. The stock was sold at an average price of GBX 783 ($9.93), for a total transaction of £54,598.59 ($69,261.18). In other Law Debenture news, insider Denis Jackson sold 6,973 shares of Law Debenture stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of GBX 783 ($9.93), for a total transaction of £54,598.59 ($69,261.18). Also, insider Trish Houston acquired 678 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were acquired at an average price of GBX 796 ($10.10) per share, with a total value of £5,396.88 ($6,846.23). Insiders own 6.35% of the company’s stock.

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.