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BMTC Group (TSE:GBT) Stock Price Passes Below Fifty Day Moving Average - Here's What Happened

BMTC Group logo with Consumer Cyclical background

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.
  • Interested in BMTC Group? Here are five stocks we like better.

BMTC Group Inc. (TSE:GBT - Get Free Report) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 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 Stock Performance

The firm has a market capitalization of C$413.80 million, a PE ratio of 14.07 and a beta of -0.10. The company has a debt-to-equity ratio of 1.95, a current ratio of 1.02 and a quick ratio of 0.25. The firm has a fifty day moving average price of C$13.65 and a 200 day moving average price of C$12.75.

BMTC Group Announces Dividend

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

BMTC Group Company Profile

(Get Free Report)

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.

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