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Serica Energy (LON:SQZ) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Serica Energy logo with Energy background

Serica Energy plc (LON:SQZ - Get Free Report) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 144.82 ($1.83) and traded as low as GBX 123.59 ($1.56). Serica Energy shares last traded at GBX 130.40 ($1.64), with a volume of 1,679,161 shares.

Serica Energy Stock Performance

The stock has a fifty day simple moving average of GBX 135.19 and a 200-day simple moving average of GBX 144.82. The stock has a market cap of £509.12 million, a P/E ratio of 686.32, a PEG ratio of 2.15 and a beta of 0.44. The company has a debt-to-equity ratio of 26.31, a quick ratio of 1.22 and a current ratio of 1.69.

Serica Energy Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, November 21st. Investors of record on Thursday, October 24th will be issued a dividend of GBX 9 ($0.11) per share. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 7.69%. Serica Energy's payout ratio is presently 12,105.26%.

Insider Buying and Selling at Serica Energy

In related news, insider Martin Copeland acquired 13,500 shares of the firm's stock in a transaction dated Tuesday, September 10th. The stock was bought at an average price of GBX 112 ($1.41) per share, for a total transaction of £15,120 ($19,054.82). Company insiders own 37.70% of the company's stock.

About Serica Energy

(Get Free Report)

Serica Energy plc, an upstream oil and gas company, identifies, acquires, explores, exploits, and produces oil and gas reserves in the United Kingdom. The company holds 100% interest in the Keith oil field; 98% interest in the Bruce field; and 50% interest in the Rhum gas field located in the Northern North Sea, as well as 18% non-operating interest in the Erskine field located in Central North Sea.

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