Duke Capital (LON:DUKE) Shares Pass Above 50 Day Moving Average – Should You Sell?

Duke Capital Limited (LON:DUKE)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 30.07 ($0.38) and traded as high as GBX 30.50 ($0.38). Duke Capital shares last traded at GBX 30.50 ($0.38), with a volume of 422,402 shares changing hands.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on DUKE. Canaccord Genuity Group reduced their price objective on Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating on the stock in a research report on Monday, December 16th. Canaccord Genuity Group reduced their price target on Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating on the stock in a report on Monday, December 16th.

Duke Capital Price Performance

The firm has a market cap of £127.11 million, a price-to-earnings ratio of 1,016.67 and a beta of 1.37. The company has a current ratio of 29.50, a quick ratio of 15.36 and a debt-to-equity ratio of 42.60. The stock’s fifty day moving average price is GBX 30.07 and its 200-day moving average price is GBX 31.77.

Duke Capital Announces Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, January 14th. Shareholders of record on Tuesday, December 24th will be paid a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date is Tuesday, December 24th. This represents a yield of 2.33%. Duke Capital’s dividend payout ratio (DPR) is 10,000.00%.

About Duke Capital

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.