Bisichi (LON:BISI) Share Price Passes Below Fifty Day Moving Average – Here’s Why

Shares of Bisichi PLC (LON:BISI) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 108.65 ($1.41) and traded as low as GBX 106.36 ($1.38). Bisichi shares last traded at GBX 115 ($1.49), with a volume of 3,731 shares traded.

Bisichi Stock Performance

The company has a market capitalization of £12.52 million, a price-to-earnings ratio of 488.42 and a beta of -0.10. The business has a fifty day moving average price of GBX 109.67 and a 200 day moving average price of GBX 92.64. The company has a debt-to-equity ratio of 18.02, a current ratio of 0.59 and a quick ratio of 1.03.

Bisichi Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, February 7th. Investors of record on Thursday, January 9th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 2.61%. Bisichi’s payout ratio is 2,916.67%.

Insider Activity at Bisichi

In other news, insider Clement Robin Parish bought 5,000 shares of the business’s stock in a transaction that occurred on Thursday, October 10th. The stock was acquired at an average cost of GBX 123 ($1.60) per share, for a total transaction of £6,150 ($7,975.62). 58.54% of the stock is currently owned by corporate insiders.

About Bisichi

Bisichi PLC engages in the coal mining and processing activities in South Africa. The company owns an interest in the Black Wattle Colliery, a coal mining and washing operation located in Mpumulanga, South Africa. It is also involved in the retail property investment and residential property development activities in the United Kingdom, as well as share dealing business.