Bisichi (LON:BISI) Stock Price Crosses Below 50 Day Moving Average – Here’s Why

Bisichi PLC (LON:BISI) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 109.08 ($1.35) and traded as low as GBX 100.20 ($1.24). Bisichi shares last traded at GBX 104.10 ($1.29), with a volume of 2,816 shares trading hands.

Bisichi Price Performance

The company has a debt-to-equity ratio of 18.02, a quick ratio of 1.03 and a current ratio of 0.59. The business has a 50 day simple moving average of GBX 108.75 and a 200-day simple moving average of GBX 105.23. The firm has a market cap of £11.08 million, a price-to-earnings ratio of 432.42 and a beta of -0.10.

Bisichi Cuts Dividend

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

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.