Braemar (LON:BMS) Hits New 1-Year Low – Should You Sell?

Braemar Plc (LON:BMS)’s share price hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 238 ($2.98) and last traded at GBX 239 ($3.00), with a volume of 126196 shares. The stock had previously closed at GBX 246 ($3.08).

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and issued a GBX 410 ($5.14) target price on shares of Braemar in a report on Thursday, September 19th.

Braemar Price Performance

The firm’s 50-day moving average is GBX 272.73 and its 200-day moving average is GBX 287.98. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23. The company has a market capitalization of £74.11 million, a P/E ratio of 1,865.38 and a beta of 1.17.

Braemar Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, January 13th. Investors of record on Thursday, November 21st will be given a dividend of GBX 4.50 ($0.06) per share. The ex-dividend date of this dividend is Thursday, November 21st. This represents a yield of 1.7%. Braemar’s dividend payout ratio (DPR) is 10,000.00%.

Insider Activity at Braemar

In other Braemar news, insider James Christopher Duchar Gundy bought 10,000 shares of the business’s stock in a transaction that occurred on Thursday, November 21st. The stock was bought at an average cost of GBX 246 ($3.08) per share, for a total transaction of £24,600 ($30,838.66). 46.79% of the stock is currently owned by company insiders.

About Braemar

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.