Imperial Brands (LON:IMB) Stock Price Crosses Above Fifty Day Moving Average - Here's What Happened

Shares of Imperial Brands PLC (LON:IMB - Get Free Report) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 2,526.33 ($30.91) and traded as high as GBX 2,597 ($31.78). Imperial Brands shares last traded at GBX 2,597 ($31.78), with a volume of 1,182,575 shares.

Imperial Brands Stock Performance

The firm has a fifty day moving average price of GBX 2,526.33 and a 200 day moving average price of GBX 2,284.63. The company has a debt-to-equity ratio of 217.64, a quick ratio of 0.41 and a current ratio of 0.64. The stock has a market cap of £21.95 billion, a PE ratio of 1,131.30, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42.

Imperial Brands Increases Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be paid a dividend of GBX 54.26 ($0.66) per share. This is a positive change from Imperial Brands's previous dividend of $22.45. The ex-dividend date is Thursday, February 20th. This represents a dividend yield of 2.43%. Imperial Brands's payout ratio is presently 6,652.17%.

Insider Activity at Imperial Brands

In related news, insider Jon Stanton purchased 398,802 shares of the firm's stock in a transaction on Monday, January 6th. The stock was acquired at an average price of GBX 2,597 ($31.78) per share, with a total value of £10,356,887.94 ($12,672,076.28). Also, insider Lukas Paravicini sold 6,639 shares of Imperial Brands stock in a transaction on Monday, December 16th. The stock was sold at an average price of GBX 2,615 ($32.00), for a total transaction of £173,609.85 ($212,418.76). 7.33% of the stock is currently owned by insiders.

Imperial Brands Company Profile

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company. We're driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world's one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.