James Latham (LON:LTHM) Shares Pass Below 200 Day Moving Average – Here’s Why

James Latham plc (LON:LTHM) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,301.04 ($16.24) and traded as low as GBX 1,121.60 ($14.00). James Latham shares last traded at GBX 1,142 ($14.26), with a volume of 18,420 shares changing hands.

James Latham Price Performance

The firm has a market capitalization of £230.83 million, a price-to-earnings ratio of 1,013.27 and a beta of 0.83. The stock’s fifty day moving average price is GBX 1,198.58 and its two-hundred day moving average price is GBX 1,299.96. The company has a current ratio of 5.43, a quick ratio of 2.52 and a debt-to-equity ratio of 4.30.

James Latham (LON:LTHM) last posted its quarterly earnings results on Thursday, November 28th. The company reported GBX 50.50 ($0.63) earnings per share for the quarter. James Latham had a return on equity of 11.03% and a net margin of 6.18%. Equities research analysts expect that James Latham plc will post 105.2631579 EPS for the current year.

James Latham Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, January 24th. Investors of record on Thursday, January 2nd were paid a dividend of GBX 7.95 ($0.10) per share. This represents a yield of 0.62%. The ex-dividend date of this dividend was Thursday, January 2nd. James Latham’s payout ratio is 3,008.85%.

James Latham Company Profile

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.