Celebrus Technologies (LON:CLBS) Hits New 1-Year High After Dividend Announcement

Celebrus Technologies plc (LON:CLBS)’s stock price reached a new 52-week high on Wednesday following a dividend announcement from the company. The stock traded as high as GBX 305 ($3.86) and last traded at GBX 298.20 ($3.78), with a volume of 43976 shares trading hands. The stock had previously closed at GBX 301 ($3.81).

The newly announced dividend which will be paid on Friday, January 17th. Investors of record on Thursday, December 12th will be issued a GBX 0.95 ($0.01) dividend. The ex-dividend date is Thursday, December 12th. This represents a yield of 0.31%. Celebrus Technologies’s dividend payout ratio (DPR) is currently 3,000.00%.

Analyst Upgrades and Downgrades

Separately, Canaccord Genuity Group boosted their price objective on shares of Celebrus Technologies from GBX 330 ($4.18) to GBX 475 ($6.02) and gave the stock a “buy” rating in a report on Wednesday.

Celebrus Technologies Stock Performance

The company has a market cap of £117.61 million, a P/E ratio of 2,971.51 and a beta of 1.34. The business’s 50-day moving average price is GBX 289.19 and its 200 day moving average price is GBX 255.33.

Insider Activity at Celebrus Technologies

In other news, insider Ashoni (Ash) Kumar Mehta sold 34,383 shares of Celebrus Technologies stock in a transaction dated Monday, October 28th. The stock was sold at an average price of GBX 275 ($3.48), for a total transaction of £94,553.25 ($119,808.98). 15.45% of the stock is currently owned by corporate insiders.

Celebrus Technologies Company Profile

Celebrus Technologies plc, together with its subsidiaries, provides information technology products and services. It offers Celebrus, a suite of data-driven solutions for data capture, fraud and scams, and data management solutions. The company provides services that are focused on delivering data management solutions using public and private cloud infrastructure; and fraud detection and prevention services through fraud data platform.