Franchise Brands (LON:FRAN) Trading Down 1.5% - Here's What Happened

Franchise Brands plc (LON:FRAN - Get Free Report)'s share price was down 1.5% during mid-day trading on Thursday . The company traded as low as GBX 164 ($2.09) and last traded at GBX 165 ($2.10). Approximately 71,099 shares traded hands during trading, a decline of 80% from the average daily volume of 355,270 shares. The stock had previously closed at GBX 167.50 ($2.13).

Franchise Brands Price Performance

The company's 50 day moving average is GBX 160.28 and its 200-day moving average is GBX 169. The firm has a market capitalization of £317.39 million, a price-to-earnings ratio of 4,087.50 and a beta of 0.82. The company has a current ratio of 1.39, a quick ratio of 1.57 and a debt-to-equity ratio of 42.68.

Franchise Brands Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd were paid a dividend of GBX 1.10 ($0.01) per share. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 0.69%. Franchise Brands's dividend payout ratio is currently 5,000.00%.

Insider Activity at Franchise Brands

In other news, insider Nigel Wray sold 7,000,000 shares of the business's stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of GBX 160 ($2.04), for a total transaction of £11,200,000 ($14,265,698.64). 39.04% of the stock is owned by company insiders.

Franchise Brands Company Profile

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.