London Security (LON:LSC) Shares Down 9.7% – Here’s What Happened

Shares of London Security plc (LON:LSC) dropped 9.7% on Thursday . The stock traded as low as GBX 3,250 ($40.92) and last traded at GBX 3,250 ($40.92). Approximately 310 shares changed hands during mid-day trading, an increase of 67% from the average daily volume of 186 shares. The stock had previously closed at GBX 3,600 ($45.32).

London Security Stock Performance

The company has a 50-day simple moving average of GBX 3,727.56 and a two-hundred day simple moving average of GBX 3,566.14. The company has a quick ratio of 2.08, a current ratio of 2.55 and a debt-to-equity ratio of 4.75. The firm has a market cap of £398.45 million, a PE ratio of 1,737.97 and a beta of 0.33.

London Security Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 31st will be given a GBX 80 ($1.01) dividend. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 2.11%. This is a boost from London Security’s previous dividend of $42.00. London Security’s payout ratio is currently 6,631.02%.

London Security Company Profile

London Security plc, an investment holding company, manufactures, sells, and rents fire protection equipment in the United Kingdom, Belgium, the Netherlands, Austria, France, Germany, Denmark, and Luxembourg. It also provides intruder alarms products, as well as fire protection equipment maintenance services.