CC Japan Income & Growth (LON:CCJI) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

CC Japan Income & Growth (LON:CCJI) shares crossed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 186.48 ($2.42) and traded as low as GBX 180 ($2.33). CC Japan Income & Growth shares last traded at GBX 180.50 ($2.34), with a volume of 119,936 shares trading hands.

CC Japan Income & Growth Stock Performance

The firm has a fifty day moving average price of GBX 186.48 and a 200 day moving average price of GBX 185.60. The firm has a market capitalization of £242.76 million and a price-to-earnings ratio of 3.99.

CC Japan Income & Growth (LON:CCJI) last posted its quarterly earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) EPS for the quarter. CC Japan Income & Growth had a return on equity of 22.45% and a net margin of 95.50%.

CC Japan Income & Growth Increases Dividend

The company also recently declared a dividend, which was paid on Monday, March 3rd. Stockholders of record on Thursday, January 30th were given a GBX 3.85 ($0.05) dividend. The ex-dividend date of this dividend was Thursday, January 30th. This represents a dividend yield of 2.03%. This is a boost from CC Japan Income & Growth’s previous dividend of $1.60. CC Japan Income & Growth’s dividend payout ratio (DPR) is currently 11.06%.

Insider Transactions at CC Japan Income & Growth

In other CC Japan Income & Growth news, insider June Aitken acquired 878 shares of the firm’s stock in a transaction that occurred on Wednesday, March 5th. The shares were acquired at an average cost of GBX 186 ($2.41) per share, for a total transaction of £1,633.08 ($2,117.86). Corporate insiders own 9.30% of the company’s stock.

About CC Japan Income & Growth

The investment objective of the Company is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan.