James Latham (LON:LTHM) Stock Price Passes Below 200-Day Moving Average – What’s Next?

James Latham plc (LON:LTHM)’s stock price crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,224.16 ($15.87) and traded as low as GBX 1,021 ($13.24). James Latham shares last traded at GBX 1,035 ($13.42), with a volume of 11,866 shares trading hands.

James Latham Price Performance

The company has a debt-to-equity ratio of 4.03, a current ratio of 5.43 and a quick ratio of 2.52. The stock has a market cap of £204.45 million, a price-to-earnings ratio of 9.12 and a beta of 0.83. The business’s 50-day simple moving average is GBX 1,101.26 and its two-hundred day simple moving average is GBX 1,224.16.

James Latham Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were paid a dividend of GBX 7.95 ($0.10) per share. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend was Thursday, January 2nd. James Latham’s payout ratio is 29.95%.

About James Latham

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.