Town Centre Securities (LON:TOWN) Share Price Passes Below 50-Day Moving Average – Here’s Why

by · The Cerbat Gem

Town Centre Securities Plc (LON:TOWN – Get Free Report)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 136.38 ($1.81) and traded as low as GBX 133.75 ($1.77). Town Centre Securities shares last traded at GBX 135 ($1.79), with a volume of 10,255 shares trading hands.

Town Centre Securities Price Performance

The firm’s fifty day simple moving average is GBX 136.70 and its 200-day simple moving average is GBX 132.75. The firm has a market capitalization of £56.87 million, a PE ratio of -7.56 and a beta of 1.11. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 133.21.

Town Centre Securities (LON:TOWN – Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.20 ($0.06) earnings per share for the quarter. Town Centre Securities had a negative net margin of 23.60% and a negative return on equity of 6.58%. On average, research analysts forecast that Town Centre Securities Plc will post 6.4926063 earnings per share for the current fiscal year.

Town Centre Securities Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be issued a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, May 22nd. Town Centre Securities’s payout ratio is currently -28.00%.

Insider Activity at Town Centre Securities

In other Town Centre Securities news, insider Michael Ziff sold 45,000 shares of Town Centre Securities stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 134 ($1.78), for a total value of £60,300 ($80,005.31). 56.94% of the stock is currently owned by insiders.

Town Centre Securities Company Profile

(Get Free Report)

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.

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