Law Debenture (LON:LWDB) Shares Pass Below 200 Day Moving Average – Here’s Why

Shares of Law Debenture Co. (LON:LWDB) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 883.44 ($10.94) and traded as low as GBX 880.80 ($10.90). Law Debenture shares last traded at GBX 893 ($11.05), with a volume of 42,811 shares trading hands.

Law Debenture Stock Performance

The firm has a market cap of £1.17 billion, a P/E ratio of 825.93 and a beta of 0.93. The company has a debt-to-equity ratio of 18.53, a quick ratio of 3.21 and a current ratio of 3.01. The stock’s 50-day moving average is GBX 888.11 and its 200 day moving average is GBX 884.07.

Law Debenture Dividend Announcement

The firm also recently declared a dividend, which will be paid on Thursday, January 23rd. Shareholders of record on Thursday, December 19th will be issued a GBX 8 ($0.10) dividend. The ex-dividend date of this dividend is Thursday, December 19th. This represents a dividend yield of 0.88%. Law Debenture’s dividend payout ratio (DPR) is currently 2,962.96%.

About Law Debenture

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals in the United Kingdom and internationally. The company operates through two segments, Investment Portfolio and Independent Professional Services.