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Town Centre Securities (LON:TOWN) Share Price Passes Below 50-Day Moving Average - Time to Sell?

Town Centre Securities logo with Real Estate background

Town Centre Securities Plc (LON:TOWN - Get Free Report) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 136.38 ($1.81) and traded as low as GBX 133.75 ($1.77). Town Centre Securities shares last traded at GBX 135 ($1.79), with a volume of 10,255 shares changing hands.

Town Centre Securities Stock Down 2.1 %

The company has a market cap of £55.27 million, a P/E ratio of -7.35 and a beta of 1.11. The stock has a 50-day moving average of GBX 137.15 and a two-hundred day moving average of GBX 132.45. The company has a debt-to-equity ratio of 133.21, a quick ratio of 0.65 and a current ratio of 0.78.

Town Centre Securities (LON:TOWN - Get Free Report) last announced its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.20 ($0.06) earnings per share for the quarter. Town Centre Securities had a negative net margin of 23.60% and a negative return on equity of 6.58%. On average, research analysts anticipate that Town Centre Securities Plc will post 6.4926063 EPS for the current fiscal year.

Town Centre Securities Announces Dividend

The business also recently disclosed a dividend, which will be paid on Friday, June 13th. Stockholders of record on Thursday, May 22nd will be paid a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date is Thursday, May 22nd. This represents a dividend yield of 1.81%. Town Centre Securities's dividend payout ratio (DPR) is currently -28.00%.

Insider Transactions at Town Centre Securities

In other Town Centre Securities news, insider Michael Ziff sold 45,000 shares of the stock in a transaction on Monday, March 31st. The shares were sold at an average price of GBX 134 ($1.78), for a total transaction of £60,300 ($79,899.30). Company insiders own 56.94% of the company's stock.

About Town Centre Securities

(Get Free Report)

Town Centre Securities PLC (the "Company") is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.

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