CC Japan Income & Growth (LON:CCJI) Stock Price Passes Below Fifty Day Moving Average – Here’s Why

CC Japan Income & Growth (LON:CCJI) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 186.48 ($2.42) and traded as low as GBX 180 ($2.33). CC Japan Income & Growth shares last traded at GBX 180.50 ($2.34), with a volume of 119,936 shares traded.

CC Japan Income & Growth Trading Up 0.3 %

The stock has a market cap of £242.76 million and a price-to-earnings ratio of 3.99. The firm’s 50-day moving average is GBX 186.48 and its two-hundred day moving average is GBX 185.60.

CC Japan Income & Growth (LON:CCJI) last announced its earnings results on Wednesday, January 22nd. The company reported GBX 5.32 ($0.07) earnings per share (EPS) for the quarter. CC Japan Income & Growth had a return on equity of 22.45% and a net margin of 95.50%.

CC Japan Income & Growth Increases Dividend

The company also recently announced a dividend, which was paid on Monday, March 3rd. Investors of record on Thursday, January 30th were given a GBX 3.85 ($0.05) dividend. The ex-dividend date was Thursday, January 30th. This is a boost from CC Japan Income & Growth’s previous dividend of $1.60. This represents a dividend yield of 2.03%. CC Japan Income & Growth’s dividend payout ratio is 11.06%.

Insider Activity at CC Japan Income & Growth

In related news, insider June Aitken acquired 878 shares of the firm’s stock in a transaction on Wednesday, March 5th. The stock was bought at an average cost of GBX 186 ($2.41) per share, with a total value of £1,633.08 ($2,117.86). Insiders own 9.30% of the company’s stock.

CC Japan Income & Growth Company Profile

The investment objective of the Company is to provide Shareholders with dividend income combined with capital growth, mainly through investment in equities listed or quoted in Japan.