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BMTC Group (TSE:GBT) Shares Pass Below Fifty Day Moving Average - What's Next?

BMTC Group logo with Consumer Cyclical background

Key Points

  • BMTC Group Inc. (TSE:GBT) stock recently crossed below its 50-day moving average, trading at C$12.97, down from a 50-day average of C$13.68.
  • The company has announced a dividend of $0.18 per share, representing a significant yield of 137.0% with a payout ratio of 26.78%.
  • BMTC Group holds a market cap of C$419.74 million, a debt-to-equity ratio of 1.95, and a beta of 0.58, indicating lower volatility compared to the market.
  • MarketBeat previews the top five stocks to own by October 1st.

BMTC Group Inc. (TSE:GBT - Get Free Report)'s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of C$13.68 and traded as low as C$12.97. BMTC Group shares last traded at C$12.97, with a volume of 1,650 shares changing hands.

BMTC Group Price Performance

The company has a 50 day simple moving average of C$13.67 and a 200 day simple moving average of C$12.74. The company has a current ratio of 1.02, a quick ratio of 0.25 and a debt-to-equity ratio of 1.95. The stock has a market cap of C$427.83 million, a P/E ratio of 9.83 and a beta of 0.58.

BMTC Group Announces Dividend

The firm also recently announced a dividend, which was paid on Friday, June 27th. Investors of record on Friday, June 27th were issued a dividend of $0.18 per share. The ex-dividend date of this dividend was Friday, June 20th. This represents a dividend yield of 137.0%. BMTC Group's payout ratio is presently 26.78%.

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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