Brompton Split Banc (TSE:SBC) Stock Price Down 2.6% - Here's Why

Key Points

• Stock down 2.6%: Brompton Split Banc traded down 2.6% mid-day to C$10.69 (low C$10.59) on volume of 82,517 shares, a 39% increase versus its average session volume (previous close C$10.97).
• Shares are trading below their 50- and 200-day simple moving averages (≈C$12.78) and show a low valuation with a P/E of 2.93 and a market cap of C$346.8 million.
• The fund targets fixed cumulative quarterly distributions for Preferred shares and aims for regular monthly distributions for Class A shares, with a targeted 13.2% annual yield on the Class A issue price and return of original issue price on Preferred maturity.

Brompton Split Banc Corp. (TSE:SBC - )'s stock price traded down 2.6% during mid-day trading on Friday . The stock traded as low as C$10.59 and last traded at C$10.69. 82,517 shares changed hands during mid-day trading, an increase of 39% from the average session volume of 59,243 shares. The stock had previously closed at C$10.97.

Brompton Split Banc Trading Down 2.6%

The company has a debt-to-equity ratio of 71.59, a current ratio of 2.43 and a quick ratio of 1.94. The business has a 50-day simple moving average of C$12.78 and a two-hundred day simple moving average of C$12.79. The stock has a market cap of C$346.76 million, a price-to-earnings ratio of 2.93 and a beta of 0.17.

About Brompton Split Banc

The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and to return the original issue price to holders of Preferred Shares on the Maturity Date. The investment objectives for the Class A Shares are to provide their holders with regular monthly cash distributions targeted to be at least $0.10 per Class A Share representing a yield on the issue price of the Class A Shares offered hereunder of 13.2% per annum and to provide holders of Class A Shares with the opportunity for growth in NAV per Class A Share...

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.