Helical (LON:HLCL) Sets New 52-Week Low - Here's Why

Helical plc (LON:HLCL - Get Free Report) shares reached a new 52-week low during trading on Wednesday . The company traded as low as GBX 177.80 ($2.24) and last traded at GBX 181.80 ($2.29), with a volume of 117958 shares trading hands. The stock had previously closed at GBX 185.80 ($2.34).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reduced their price target on Helical from GBX 278 ($3.50) to GBX 270 ($3.39) and set a "buy" rating on the stock in a report on Tuesday, December 10th.

Helical Stock Performance

The company has a debt-to-equity ratio of 57.82, a quick ratio of 2.59 and a current ratio of 3.44. The stock has a market cap of £223.10 million, a PE ratio of -117.29, a price-to-earnings-growth ratio of 0.43 and a beta of 0.72. The firm has a fifty day moving average price of GBX 197.17 and a 200 day moving average price of GBX 216.17.

Helical Cuts Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, January 15th. Shareholders of record on Thursday, December 5th will be paid a GBX 1.50 ($0.02) dividend. This represents a yield of 0.82%. The ex-dividend date is Thursday, December 5th. Helical's dividend payout ratio (DPR) is presently -322.58%.

About Helical

Helical plc engages in the development, investment, and rental of real estate properties in the United Kingdom. It operates through two segments: Investment and Development. The company's property portfolio includes multi-let offices, office refurbishments and developments, restaurant, retail, residential, and warehouse spaces.