Braemar (LON:BMS) Hits New 12-Month Low – Time to Sell?

Braemar Plc (LON:BMS)’s stock price hit a new 52-week low during mid-day trading on Monday . The stock traded as low as GBX 236 ($2.96) and last traded at GBX 238.76 ($2.99), with a volume of 88412 shares trading hands. The stock had previously closed at GBX 244 ($3.06).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and set a GBX 410 ($5.14) price objective on shares of Braemar in a research report on Thursday, September 19th.

Braemar Stock Down 1.3 %

The firm has a 50-day moving average price of GBX 255.49 and a two-hundred day moving average price of GBX 281.85. The company has a market capitalization of £71.82 million, a P/E ratio of 1,807.69 and a beta of 1.17. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61.

Braemar Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be given a GBX 4.50 ($0.06) dividend. The ex-dividend date is Thursday, November 21st. This represents a yield of 1.7%. Braemar’s dividend payout ratio is 10,000.00%.

Insider Transactions at Braemar

In other news, insider James Christopher Duchar Gundy sold 94,112 shares of Braemar stock in a transaction that occurred on Monday, December 9th. The stock was sold at an average price of GBX 254 ($3.18), for a total transaction of £239,044.48 ($299,667.14). Insiders own 46.79% of the company’s stock.

Braemar Company Profile

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.