James Latham (LON:LTHM) Share Price Crosses Below 200-Day Moving Average - Here's Why

Shares of James Latham plc (LON:LTHM - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 1,210.27 ($15.60) and traded as low as GBX 1,060 ($13.66). James Latham shares last traded at GBX 1,106 ($14.26), with a volume of 11,181 shares trading hands.

James Latham Stock Down 4.5 %

The stock has a 50-day moving average of GBX 1,080.44 and a 200-day moving average of GBX 1,204.18. The company has a debt-to-equity ratio of 4.03, a current ratio of 5.43 and a quick ratio of 2.52. The firm has a market cap of £201.91 million, a price-to-earnings ratio of 9.00 and a beta of 0.83.

James Latham Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were issued a dividend of GBX 7.95 ($0.10) per share. This represents a dividend yield of 0.62%. The ex-dividend date was Thursday, January 2nd. James Latham's dividend payout ratio (DPR) is currently 29.95%.

James Latham Company Profile

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.