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Town Centre Securities (LON:TOWN) Stock Price Crosses Below 50-Day Moving Average - Should You Sell?

Town Centre Securities logo with Real Estate background

Town Centre Securities Plc (LON:TOWN - Get Free Report) crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 137.31 ($1.84) and traded as low as GBX 131 ($1.76). Town Centre Securities shares last traded at GBX 131 ($1.76), with a volume of 100 shares traded.

Town Centre Securities Trading Up 6.8 %

The firm has a market capitalization of £59.82 million, a PE ratio of -7.95 and a beta of 1.11. The firm has a 50 day simple moving average of GBX 137.31 and a 200 day simple moving average of GBX 132.24. The company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 133.21.

Town Centre Securities (LON:TOWN - Get Free Report) last released its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.20 ($0.06) EPS for the quarter. Town Centre Securities had a negative return on equity of 6.58% and a negative net margin of 23.60%. Equities analysts expect that Town Centre Securities Plc will post 6.4926063 earnings per share for the current fiscal year.

Town Centre Securities Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 1.81%. Town Centre Securities's dividend payout ratio is presently -28.00%.

Insider Activity at Town Centre Securities

In other Town Centre Securities news, insider Ben Ziff sold 29,900 shares of the company's stock in a transaction that occurred on Tuesday, April 22nd. The shares were sold at an average price of GBX 134 ($1.80), for a total transaction of £40,066 ($53,736.59). Also, insider Michael Ziff sold 45,000 shares of the stock in a transaction that occurred on Monday, March 31st. The stock was sold at an average price of GBX 134 ($1.80), for a total transaction of £60,300 ($80,874.46). Insiders have sold a total of 104,900 shares of company stock worth $13,576,600 over the last quarter. Company insiders own 56.94% of the company's stock.

About Town Centre Securities

(Get Free Report)

Town Centre Securities PLC (the "Company") is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.

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