TP ICAP Group (LON:TCAP) Shares Pass Below 50-Day Moving Average – Here’s What Happened

TP ICAP Group PLC (LON:TCAP) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 234.33 ($3.04) and traded as low as GBX 222.23 ($2.88). TP ICAP Group shares last traded at GBX 224.50 ($2.91), with a volume of 1,774,781 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of TP ICAP Group in a research note on Wednesday, August 7th.

TP ICAP Group Stock Performance

The company has a current ratio of 1.25, a quick ratio of 0.97 and a debt-to-equity ratio of 179.00. The stock’s fifty day simple moving average is GBX 234.33 and its 200 day simple moving average is GBX 221.72. The company has a market cap of £1.70 billion, a price-to-earnings ratio of 1,726.92, a P/E/G ratio of 0.49 and a beta of 0.65.

TP ICAP Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, November 8th. Stockholders of record on Thursday, October 3rd will be paid a GBX 4.80 ($0.06) dividend. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 2.27%. TP ICAP Group’s dividend payout ratio (DPR) is 11,538.46%.

TP ICAP Group Company Profile

TP ICAP Group PLC provides intermediary services, contextual insights, trade execution, pre-trade and settlement services, and data-led solutions in Europe, the Middle East, Africa, the Americas, and the Asia Pacific. It operates through Global Broking, Energy & Commodities, Liquidnet, and Parameta Solutions divisions.