Law Debenture (LON:LWDB) Stock Price Passes Above Fifty Day Moving Average – Should You Sell?

Law Debenture Co. (LON:LWDBGet Free Report)’s share price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 903.42 ($11.70) and traded as high as GBX 905 ($11.72). Law Debenture shares last traded at GBX 898 ($11.63), with a volume of 299,885 shares traded.

Law Debenture Price Performance

The stock has a market capitalization of £1.19 billion, a price-to-earnings ratio of 8.36 and a beta of 0.93. The company has a current ratio of 3.01, a quick ratio of 3.21 and a debt-to-equity ratio of 18.53. The stock has a 50-day simple moving average of GBX 903.42 and a 200 day simple moving average of GBX 892.31.

Law Debenture (LON:LWDBGet Free Report) last announced its quarterly earnings results on Wednesday, March 12th. The investment trust reported GBX 33.48 ($0.43) earnings per share (EPS) for the quarter. Law Debenture had a return on equity of 15.91% and a net margin of 69.85%.

Law Debenture Increases Dividend

The business also recently announced a dividend, which will be paid on Wednesday, April 16th. Investors of record on Thursday, March 20th will be paid a GBX 9.50 ($0.12) dividend. This represents a dividend yield of 1.04%. The ex-dividend date is Thursday, March 20th. This is a boost from Law Debenture’s previous dividend of $8.00. Law Debenture’s dividend payout ratio (DPR) is presently 29.78%.

About Law Debenture

(Get Free Report)

LawDeb is a rare proposition; an investment trust with an independent professional services business. Our goal is to achieve long term capital growth in real terms and steadily increasing income.

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