Law Debenture (LON:LWDB) Share Price Passes Below 50 Day Moving Average – Here’s What Happened

Law Debenture Co. (LON:LWDB) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 886.40 ($11.14) and traded as low as GBX 875 ($11.00). Law Debenture shares last traded at GBX 876 ($11.01), with a volume of 251,917 shares changing hands.

Law Debenture Stock Up 0.7 %

The company has a quick ratio of 3.21, a current ratio of 3.01 and a debt-to-equity ratio of 18.53. The company has a fifty day simple moving average of GBX 886.36 and a 200-day simple moving average of GBX 882.84. The firm has a market cap of £1.16 billion, a P/E ratio of 816.67 and a beta of 0.93.

Law Debenture Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, January 23rd. Investors of record on Thursday, December 19th will be issued a GBX 8 ($0.10) dividend. This represents a yield of 0.88%. The ex-dividend date is Thursday, December 19th. Law Debenture’s dividend payout ratio is 2,962.96%.

About Law Debenture

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals in the United Kingdom and internationally. The company operates through two segments, Investment Portfolio and Independent Professional Services.