J D Wetherspoon (LON:JDW) Trading Down 7.3% - Here's Why

J D Wetherspoon plc (LON:JDW - Get Free Report) fell 7.3% during mid-day trading on Friday . The stock traded as low as GBX 528 ($6.84) and last traded at GBX 553.50 ($7.17). 135,654 shares traded hands during mid-day trading, a decline of 86% from the average session volume of 979,013 shares. The stock had previously closed at GBX 597 ($7.73).

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "hold" rating on shares of J D Wetherspoon in a report on Friday.

J D Wetherspoon Trading Up 2.7 %

The company has a 50 day simple moving average of GBX 598.94 and a two-hundred day simple moving average of GBX 635.46. The company has a debt-to-equity ratio of 283.19, a quick ratio of 0.19 and a current ratio of 0.35. The firm has a market cap of £664.87 million, a PE ratio of 14.42, a P/E/G ratio of 3.39 and a beta of 1.34.

J D Wetherspoon Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, May 30th. Investors of record on Thursday, May 1st will be given a GBX 4 ($0.05) dividend. The ex-dividend date of this dividend is Thursday, May 1st. This represents a yield of 0.67%. J D Wetherspoon's dividend payout ratio is currently 30.53%.

J D Wetherspoon Company Profile

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.