Lords Group Trading (LON:LORD) Trading Down 1.3% - Here's Why

Shares of Lords Group Trading plc (LON:LORD - Get Free Report) were down 1.3% on Thursday . The stock traded as low as GBX 38 ($0.51) and last traded at GBX 38 ($0.51). Approximately 25,620 shares traded hands during mid-day trading, a decline of 69% from the average daily volume of 82,231 shares. The stock had previously closed at GBX 38.50 ($0.51).

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 90 ($1.20) target price on shares of Lords Group Trading in a research note on Tuesday, September 10th.

Lords Group Trading Price Performance

The business has a fifty day moving average of GBX 42.18 and a 200-day moving average of GBX 44.89. The company has a current ratio of 1.31, a quick ratio of 0.77 and a debt-to-equity ratio of 190.06. The firm has a market cap of £61.38 million, a PE ratio of -3,700.00 and a beta of 1.18.

Lords Group Trading Cuts Dividend

The company also recently declared a dividend, which will be paid on Friday, October 11th. Stockholders of record on Thursday, September 19th will be given a dividend of GBX 0.32 ($0.00) per share. The ex-dividend date is Thursday, September 19th. This represents a dividend yield of 0.82%. Lords Group Trading's dividend payout ratio (DPR) is currently -20,000.00%.

About Lords Group Trading

Lords Group Trading plc distributes building materials, plumbing, heating, and DIY goods to local tradesmen, developers, small and medium construction companies, and retail customers. The company operates in two divisions, Merchanting; and Plumbing and Heating. It also distributes heating and plumbing products to a network of independent merchants, installers, and general public.