Law Debenture (LON:LWDB) Shares Pass Below 200-Day Moving Average – Here’s What Happened

Law Debenture Co. (LON:LWDB)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 885.41 ($10.89) and traded as low as GBX 874 ($10.75). Law Debenture shares last traded at GBX 879 ($10.82), with a volume of 268,491 shares trading hands.

Law Debenture Price Performance

The stock has a market cap of £1.16 billion, a P/E ratio of 815.36 and a beta of 0.93. The company has a 50 day simple moving average of GBX 888.98 and a 200 day simple moving average of GBX 885.41. The company has a current ratio of 3.01, a quick ratio of 3.21 and a debt-to-equity ratio of 18.53.

Law Debenture Announces Dividend

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