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Law Debenture (LON:LWDB) Shares Cross Below Fifty Day Moving Average - Here's Why

Law Debenture logo with Financial Services background

Shares of Law Debenture Co. (LON:LWDB - Get Free Report) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 886.40 ($11.14) and traded as low as GBX 875 ($11.00). Law Debenture shares last traded at GBX 876 ($11.01), with a volume of 251,917 shares traded.

Law Debenture Stock Performance

The company's fifty day simple moving average is GBX 886.40 and its two-hundred day simple moving average is GBX 882.70. The company has a debt-to-equity ratio of 18.53, a quick ratio of 3.21 and a current ratio of 3.01. The stock has a market capitalization of £1.16 billion, a P/E ratio of 816.67 and a beta of 0.93.

Law Debenture Dividend Announcement

The company also recently announced a dividend, which will be paid on Thursday, January 23rd. Stockholders of record on Thursday, December 19th will be issued a dividend of GBX 8 ($0.10) per share. This represents a dividend yield of 0.88%. The ex-dividend date is Thursday, December 19th. Law Debenture's dividend payout ratio is currently 2,962.96%.

Law Debenture Company Profile

(Get Free Report)

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals in the United Kingdom and internationally. The company operates through two segments, Investment Portfolio and Independent Professional Services.

Further Reading

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