Franchise Brands (LON:FRAN) Share Price Passes Below Fifty Day Moving Average of $173.00

Shares of Franchise Brands plc (LON:FRAN - Get Free Report) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 173 ($2.32) and traded as low as GBX 150 ($2.01). Franchise Brands shares last traded at GBX 152 ($2.04), with a volume of 72,661 shares trading hands.

Franchise Brands Trading Down 1.9 %

The firm has a market capitalization of £292.39 million, a P/E ratio of 3,800.00 and a beta of 0.82. The company has a quick ratio of 1.57, a current ratio of 1.39 and a debt-to-equity ratio of 42.68. The firm has a 50 day moving average of GBX 173 and a 200-day moving average of GBX 177.

Franchise Brands Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, November 1st. Stockholders of record on Thursday, October 3rd will be given a GBX 1.10 ($0.01) dividend. This represents a dividend yield of 0.69%. The ex-dividend date is Thursday, October 3rd. Franchise Brands's payout ratio is presently 5,000.00%.

Insider Buying and Selling at Franchise Brands

In related news, insider Peter Kear bought 57,500 shares of the company's stock in a transaction dated Monday, July 29th. The stock was purchased at an average price of GBX 174 ($2.33) per share, with a total value of £100,050 ($133,971.61). In other news, insider Peter Kear purchased 57,500 shares of the company's stock in a transaction dated Monday, July 29th. The stock was bought at an average cost of GBX 174 ($2.33) per share, for a total transaction of £100,050 ($133,971.61). Also, insider Nigel Wray sold 7,000,000 shares of the firm's stock in a transaction on Thursday, September 19th. The shares were sold at an average price of GBX 160 ($2.14), for a total value of £11,200,000 ($14,997,321.91). Company insiders own 41.27% of the company's stock.

Franchise Brands Company Profile

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.