James Latham (LON:LTHM) Shares Cross Below 200 Day Moving Average – Here’s Why

Shares of James Latham plc (LON:LTHM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,313.27 ($16.50) and traded as low as GBX 1,160 ($14.58). James Latham shares last traded at GBX 1,168 ($14.68), with a volume of 6,595 shares trading hands.

James Latham Stock Performance

The stock’s 50-day moving average price is GBX 1,283.88 and its 200 day moving average price is GBX 1,312.27. The company has a quick ratio of 2.52, a current ratio of 5.43 and a debt-to-equity ratio of 4.30. The company has a market cap of £235.47 million, a P/E ratio of 1,033.63 and a beta of 0.83.

James Latham Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be issued a GBX 7.95 ($0.10) dividend. The ex-dividend date is Thursday, January 2nd. This represents a yield of 0.62%. James Latham’s dividend payout ratio (DPR) is presently 3,008.85%.

About James Latham

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.