Braemar (LON:BMS) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s What Happened

Braemar Plc (LON:BMS)’s stock price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 278.28 ($3.48) and traded as low as GBX 238 ($2.98). Braemar shares last traded at GBX 240 ($3.00), with a volume of 293,407 shares changing hands.

Wall Street Analyst Weigh In

Separately, Canaccord Genuity Group reiterated a “buy” rating and set a GBX 410 ($5.13) target price on shares of Braemar in a report on Thursday, September 19th.

Braemar Trading Up 1.3 %

The company has a debt-to-equity ratio of 43.61, a quick ratio of 1.23 and a current ratio of 1.42. The firm has a fifty day moving average price of GBX 249.84 and a 200 day moving average price of GBX 278.28. The company has a market cap of £74.26 million, a price-to-earnings ratio of 1,869.23 and a beta of 1.17.

Braemar Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be paid a GBX 4.50 ($0.06) dividend. This represents a yield of 1.7%. The ex-dividend date is Thursday, November 21st. Braemar’s dividend payout ratio is currently 10,000.00%.

Insider Activity

In other news, insider James Christopher Duchar Gundy sold 94,112 shares of the firm’s stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 254 ($3.18), for a total value of £239,044.48 ($299,067.28). Insiders own 46.79% of the company’s stock.

Braemar Company Profile

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers’ needs, and provide an integrated service supported by a collaborative culture.