BMTC Group (TSE:GBT) Share Price Crosses Below 50-Day Moving Average - Time to Sell?

Key Points

• BMTC Group's stock (TSE:GBT) has fallen below its 50-day moving average of C$13.52, currently trading at C$12.75.
• The company announced a dividend of $0.18 per share, which reflects an impressive yield of 137.0% and a payout ratio of 39.56%.
• BMTC Group has a market cap of C$412.18 million and a P/E ratio of 14.01, indicating moderate valuation metrics in the market.

BMTC Group Inc. (TSE:GBT - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of C$13.52 and traded as low as C$12.75. BMTC Group shares last traded at C$12.75, with a volume of 3,615 shares traded.

BMTC Group Stock Performance

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 company has a market cap of C$428.67 million, a price-to-earnings ratio of 14.57 and a beta of -0.14. The stock has a 50 day simple moving average of C$13.44 and a 200 day simple moving average of C$12.78.

BMTC Group Dividend Announcement

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