BMTC Group (TSE:GBT) Shares Cross Below 50 Day Moving Average - Here's What Happened

Key Points

• BMTC Group Inc. shares dropped below their fifty-day moving average of C$13.66 during trading, hitting a low of C$12.80.
• The company recently announced a $0.18 dividend with a notable yield of 137.0%, reflecting a payout ratio of 26.78%.
• BMTC Group has a current market capitalization of C$414.24 million and a price-to-earnings ratio of 9.52.

BMTC Group Inc. (TSE:GBT - Get Free Report)'s share price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$13.66 and traded as low as C$12.80. BMTC Group shares last traded at C$12.80, with a volume of 330 shares trading hands.

BMTC Group Trading Up 0.1%

The firm has a market capitalization of C$414.12 million, a P/E ratio of 14.08 and a beta of -0.14. The company has a quick ratio of 0.25, a current ratio of 1.02 and a debt-to-equity ratio of 1.95. The firm's 50-day simple moving average is C$13.59 and its 200-day simple moving average is C$12.75.

BMTC Group Announces Dividend

The business also recently announced a dividend, which was paid on Friday, June 27th. Shareholders of record on Friday, June 27th were given a dividend of $0.18 per share. The ex-dividend date was Friday, June 20th. This represents a yield of 137.0%. BMTC Group's payout ratio is presently 39.56%.

BMTC Group Company Profile

BMTC Group Inc is a holding company. The company through its subsidiaries manages and operates furniture and household and electronic appliance retail sales networks in Quebec. The company manages and operates a retail network of furniture.