Cairn Homes (LON:CRN) Shares Cross Below 50 Day Moving Average – Time to Sell?

Cairn Homes plc (LON:CRN)’s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 179.84 ($2.33) and traded as low as GBX 170.80 ($2.21). Cairn Homes shares last traded at GBX 171.40 ($2.22), with a volume of 13,639,123 shares trading hands.

Cairn Homes Stock Performance

The stock’s 50-day moving average price is GBX 179.33 and its 200-day moving average price is GBX 177.23. The company has a market cap of £1.31 billion, a P/E ratio of 12.33 and a beta of 1.12. The company has a debt-to-equity ratio of 39.97, a current ratio of 9.29 and a quick ratio of 0.22.

Cairn Homes Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 16th. Stockholders of record on Thursday, April 24th will be given a €0.04 ($0.05) dividend. This represents a dividend yield of 2.16%. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Cairn Homes’s previous dividend of $0.04. Cairn Homes’s payout ratio is presently 41.97%.

Cairn Homes Company Profile

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company engages in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.