IMI (LON:IMI) Shares Pass Above 200-Day Moving Average of $1,781.75

IMI plc (LON:IMI)’s share price passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,781.75 ($22.92) and traded as high as GBX 1,805 ($23.22). IMI shares last traded at GBX 1,755 ($22.58), with a volume of 450,359 shares changing hands.

IMI Stock Down 4.1 %

The company has a debt-to-equity ratio of 72.33, a current ratio of 1.50 and a quick ratio of 0.80. The company has a market capitalization of £4.56 billion, a price-to-earnings ratio of 1,887.10, a PEG ratio of 1.12 and a beta of 1.13. The firm has a 50-day moving average price of GBX 1,820.68 and a two-hundred day moving average price of GBX 1,783.36.

IMI Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, September 16th. Investors of record on Thursday, August 8th will be given a GBX 10 ($0.13) dividend. This represents a dividend yield of 0.55%. The ex-dividend date is Thursday, August 8th. IMI’s dividend payout ratio is currently 3,010.75%.

IMI Company Profile

IMI plc, a specialist engineering company, designs and manufactures engineering products in the United Kingdom, Germany, rest of Europe, the United States of America, rest of the Americas, China, rest of Asia Pacific, the Middle East, and Africa. It operates through IMI Precision Engineering, IMI Critical Engineering, and IMI Hydronic Engineering segments.