AIREA (LON:AIEA) Shares Cross Above 50 Day Moving Average – Time to Sell?

Shares of AIREA plc (LON:AIEA) passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 25.97 ($0.33) and traded as high as GBX 26.50 ($0.34). AIREA shares last traded at GBX 25.30 ($0.33), with a volume of 343 shares traded.

AIREA Stock Performance

The firm has a fifty day simple moving average of GBX 25.97 and a 200-day simple moving average of GBX 23.82. The stock has a market cap of £9.76 million, a price-to-earnings ratio of 1,300.00 and a beta of 1.08. The company has a current ratio of 2.98, a quick ratio of 1.66 and a debt-to-equity ratio of 12.40.

AIREA (LON:AIEA) last issued its quarterly earnings results on Thursday, March 27th. The company reported GBX (0.73) (($0.01)) earnings per share (EPS) for the quarter. AIREA had a net margin of 0.31% and a return on equity of 0.39%.

AIREA Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Shareholders of record on Thursday, April 17th will be given a dividend of GBX 0.60 ($0.01) per share. This is a boost from AIREA’s previous dividend of $0.55. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 2.18%.

Insider Transactions at AIREA

In other AIREA news, insider Conleth Campbell purchased 40,000 shares of the stock in a transaction on Thursday, March 27th. The stock was bought at an average cost of GBX 29 ($0.37) per share, for a total transaction of £11,600 ($14,958.09). 54.06% of the stock is owned by corporate insiders.

About AIREA

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.