Cairn Homes (LON:CRN) Shares Pass Above 50 Day Moving Average - Here's What Happened

Cairn Homes plc (LON:CRN - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 170.82 ($2.16) and traded as high as GBX 177.60 ($2.25). Cairn Homes shares last traded at GBX 175.40 ($2.22), with a volume of 548,811 shares.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a GBX 175 ($2.21) price target on shares of Cairn Homes in a report on Thursday, September 5th.

Cairn Homes Price Performance

The company has a debt-to-equity ratio of 39.97, a current ratio of 9.29 and a quick ratio of 0.22. The stock has a market cap of £1.10 billion, a PE ratio of 1,251.43 and a beta of 1.12. The company has a 50 day moving average price of GBX 170.82 and a two-hundred day moving average price of GBX 157.46.

Cairn Homes Increases Dividend

The business also recently declared a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, September 12th were paid a €0.04 ($0.04) dividend. The ex-dividend date of this dividend was Thursday, September 12th. This is a positive change from Cairn Homes's previous dividend of $0.03. This represents a dividend yield of 1.95%. Cairn Homes's payout ratio is currently 4,285.71%.

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.