Franchise Brands (LON:FRAN) Shares Down 1.5% – Here’s What Happened

Shares of Franchise Brands plc (LON:FRAN) fell 1.5% during trading on Thursday . The stock traded as low as GBX 164 ($2.09) and last traded at GBX 165 ($2.10). 71,099 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 355,270 shares. The stock had previously closed at GBX 167.50 ($2.13).

Franchise Brands Price Performance

The stock has a market cap of £317.39 million, a PE ratio of 4,087.50 and a beta of 0.82. The firm’s fifty day moving average price is GBX 160.28 and its 200 day moving average price is GBX 169. The company has a quick ratio of 1.57, a current ratio of 1.39 and a debt-to-equity ratio of 42.68.

Franchise Brands Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd were issued a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a dividend yield of 0.69%. Franchise Brands’s dividend payout ratio (DPR) is 5,000.00%.

Insider Buying and Selling

In other Franchise Brands news, insider Nigel Wray sold 7,000,000 shares of the stock in a transaction on Thursday, September 19th. The shares were sold at an average price of GBX 160 ($2.04), for a total transaction of £11,200,000 ($14,265,698.64). 39.04% of the stock is owned by company insiders.

Franchise Brands Company Profile

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.