Ramsdens (LON:RFX) Share Price Crosses Below 50-Day Moving Average – Here’s What Happened

Ramsdens Holdings PLC (LON:RFX) shares passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 236.40 ($3.05) and traded as low as GBX 225 ($2.90). Ramsdens shares last traded at GBX 230 ($2.96), with a volume of 45,856 shares.

Ramsdens Stock Down 1.1 %

The firm’s 50-day moving average price is GBX 236.40 and its 200 day moving average price is GBX 225.28. The firm has a market capitalization of £72.08 million, a price-to-earnings ratio of 9.18 and a beta of 1.22. The company has a debt-to-equity ratio of 33.70, a current ratio of 3.14 and a quick ratio of 1.62.

Ramsdens (LON:RFX) last released its quarterly earnings results on Tuesday, January 14th. The company reported GBX 26.10 ($0.34) EPS for the quarter. Ramsdens had a net margin of 8.78% and a return on equity of 15.34%. Sell-side analysts expect that Ramsdens Holdings PLC will post 20.0899991 EPS for the current year.

Ramsdens Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, March 21st. Stockholders of record on Thursday, February 13th will be given a GBX 7.60 ($0.10) dividend. The ex-dividend date is Thursday, February 13th. This is a positive change from Ramsdens’s previous dividend of $3.60. This represents a dividend yield of 3.23%. Ramsdens’s dividend payout ratio is currently 44.86%.

Insider Activity

In related news, insider Peter Edward Kenyon sold 90,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of GBX 226 ($2.91), for a total transaction of £203,400 ($262,180.97). Company insiders own 19.77% of the company’s stock.

Ramsdens Company Profile