Mountview Estates (LON:MTVW) Stock Passes Below 50-Day Moving Average – Here’s Why

Shares of Mountview Estates P.L.C. (LON:MTVW) passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 9,014.01 ($116.06) and traded as low as GBX 8,800 ($113.30). Mountview Estates shares last traded at GBX 8,800 ($113.30), with a volume of 230 shares trading hands.

Mountview Estates Stock Performance

The company has a market cap of £335.59 million, a price-to-earnings ratio of 19.29 and a beta of 0.47. The firm’s 50 day simple moving average is GBX 9,014.01 and its 200-day simple moving average is GBX 9,011.98. The company has a debt-to-equity ratio of 16.64, a quick ratio of 0.79 and a current ratio of 121.68.

Mountview Estates Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be paid a dividend of GBX 250 ($3.22) per share. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 2.71%. Mountview Estates’s dividend payout ratio is presently 120.56%.

Mountview Estates Company Profile

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.