Franchise Brands (LON:FRAN) Trading 0.6% Higher – Here’s What Happened

Posted by William Tyler on Nov 8th, 2024

Franchise Brands plc (LON:FRAN – Get Free Report) shares rose 0.6% during trading on Thursday . The company traded as high as GBX 172.85 ($2.25) and last traded at GBX 171 ($2.23). Approximately 179,283 shares were traded during trading, a decline of 52% from the average daily volume of 372,764 shares. The stock had previously closed at GBX 170 ($2.21).

Franchise Brands Trading Up 0.6 %

The company’s 50 day simple moving average is GBX 160.85 and its two-hundred day simple moving average is GBX 172.01. The stock has a market cap of £328.94 million, a price-to-earnings ratio of 4,275.00 and a beta of 0.82. The company has a debt-to-equity ratio of 42.68, a quick ratio of 1.57 and a current ratio of 1.39.

Franchise Brands Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, November 1st. Investors of record on Thursday, October 3rd were paid a GBX 1.10 ($0.01) dividend. The ex-dividend date was Thursday, October 3rd. This represents a dividend yield of 0.69%. Franchise Brands’s payout ratio is 5,000.00%.

Insider Activity at Franchise Brands

In related news, insider Nigel Wray sold 7,000,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 19th. The stock was sold at an average price of GBX 160 ($2.08), for a total value of £11,200,000 ($14,579,536.58). Insiders own 39.04% of the company’s stock.

About Franchise Brands

(Get Free Report)

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.