Town Centre Securities (LON:TOWN) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Shares of Town Centre Securities Plc (LON:TOWN) passed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 135.04 ($1.73) and traded as low as GBX 126 ($1.61). Town Centre Securities shares last traded at GBX 138 ($1.76), with a volume of 20,159 shares traded.

Town Centre Securities Stock Up 4.9 %

The company has a market cap of £58.14 million, a PE ratio of -7.73 and a beta of 1.11. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 133.21. The company’s fifty day moving average is GBX 135.04 and its 200-day moving average is GBX 133.19.

Town Centre Securities (LON:TOWN) last issued its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.20 ($0.05) EPS for the quarter. Town Centre Securities had a negative return on equity of 6.58% and a negative net margin of 23.60%. On average, analysts predict that Town Centre Securities Plc will post 6.4926063 EPS for the current year.

Town Centre Securities Announces Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be given a dividend of GBX 2.50 ($0.03) per share. This represents a dividend yield of 1.81%. The ex-dividend date is Thursday, May 22nd. Town Centre Securities’s payout ratio is currently -28.00%.

Insider Buying and Selling

In related news, insider Michael Ziff sold 45,000 shares of the firm’s stock in a transaction on Monday, March 31st. The stock was sold at an average price of GBX 134 ($1.71), for a total value of £60,300 ($77,050.86). 56.94% of the stock is currently owned by insiders.

About Town Centre Securities

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.