Law Debenture (LON:LWDB) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Law Debenture Co. (LON:LWDB)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 885.41 ($10.81) and traded as low as GBX 874 ($10.67). Law Debenture shares last traded at GBX 879 ($10.73), with a volume of 268,491 shares.

Law Debenture Stock Performance

The firm has a 50 day moving average price of GBX 888.98 and a 200-day moving average price of GBX 885.41. The company has a debt-to-equity ratio of 18.53, a quick ratio of 3.21 and a current ratio of 3.01. The company has a market cap of £1.15 billion, a P/E ratio of 808.33 and a beta of 0.93.

Law Debenture Dividend Announcement

The company also recently declared a dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, December 19th will be given a GBX 8 ($0.10) dividend. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, December 19th. Law Debenture’s dividend payout ratio is 2,962.96%.

Law Debenture Company Profile

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals in the United Kingdom and internationally. The company operates through two segments, Investment Portfolio and Independent Professional Services.