Bisichi (LON:BISI) Stock Crosses Below 50-Day Moving Average – Time to Sell?

Bisichi PLC (LON:BISI) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 96.65 ($1.23) and traded as low as GBX 85.25 ($1.09). Bisichi shares last traded at GBX 89.50 ($1.14), with a volume of 4,700 shares trading hands.

Bisichi Price Performance

The firm has a market capitalization of £9.60 million, a PE ratio of 3.76 and a beta of -0.10. The firm’s fifty day moving average price is GBX 96.65 and its 200 day moving average price is GBX 105.85. The company has a current ratio of 0.59, a quick ratio of 1.03 and a debt-to-equity ratio of 19.85.

Bisichi Cuts Dividend

The business also recently declared a dividend, which was paid on Friday, February 7th. Shareholders of record on Thursday, January 9th were given a dividend of GBX 3 ($0.04) per share. This represents a yield of 2.61%. The ex-dividend date was Thursday, January 9th. Bisichi’s dividend payout ratio is currently 29.39%.

About Bisichi

Bisichi PLC engages in the coal mining and processing activities in South Africa. The company owns an interest in the Black Wattle Colliery, a coal mining and washing operation located in Mpumulanga, South Africa. It is also involved in the retail property investment and residential property development activities in the United Kingdom, as well as share dealing business.