Town Centre Securities (LON:TOWN) Share Price Passes Below 50 Day Moving Average - Here's What Happened

Shares of Town Centre Securities Plc (LON:TOWN - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 135.04 ($1.77) and traded as low as GBX 126 ($1.65). Town Centre Securities shares last traded at GBX 138 ($1.81), with a volume of 20,159 shares.

Town Centre Securities Stock Performance

The company has a 50-day simple moving average of GBX 135.74 and a two-hundred day simple moving average of GBX 132.92. The company has a debt-to-equity ratio of 133.21, a quick ratio of 0.65 and a current ratio of 0.78. The firm has a market capitalization of £53.71 million, a P/E ratio of -7.14 and a beta of 1.11.

Town Centre Securities (LON:TOWN - Get Free Report) last posted its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.20 ($0.05) earnings per share (EPS) for the quarter. Town Centre Securities had a negative return on equity of 6.58% and a negative net margin of 23.60%. As a group, equities analysts forecast that Town Centre Securities Plc will post 6.4926063 EPS for the current year.

Town Centre Securities Announces Dividend

The business also recently announced 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 is Thursday, May 22nd. This represents a dividend yield of 1.81%. Town Centre Securities's dividend payout ratio is currently -28.00%.

Insiders Place Their Bets

In other news, insider Michael Ziff sold 30,000 shares of the firm's stock in a transaction dated Monday, February 10th. The shares were sold at an average price of GBX 118 ($1.54), for a total transaction of £35,400 ($46,316.89). Corporate insiders own 56.94% of the company's stock.

Town Centre Securities Company Profile

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.