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Town Centre Securities (LON:TOWN) Share Price Crosses Below 50-Day Moving Average - What's Next?

Town Centre Securities logo with Real Estate background

Town Centre Securities Plc (LON:TOWN - Get Free Report)'s stock price passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 138.38 ($1.88) and traded as low as GBX 134 ($1.82). Town Centre Securities shares last traded at GBX 138 ($1.88), with a volume of 117 shares.

Town Centre Securities Stock Up 2.6%

The stock has a market cap of £58.56 million, a price-to-earnings ratio of -7.79 and a beta of 1.11. The stock has a 50 day simple moving average of GBX 138.56 and a 200 day simple moving average of GBX 133.54. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 133.21.

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

Town Centre Securities Dividend Announcement

The firm also recently declared a dividend, which was paid on Friday, June 13th. Investors of record on Thursday, May 22nd were given a GBX 2.50 ($0.03) dividend. The ex-dividend date of this dividend was Thursday, May 22nd. This represents a yield of 1.81%. Town Centre Securities's payout ratio is -28.00%.

Insiders Place Their Bets

In other news, insider Michael Ziff sold 45,000 shares of the business's stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 134 ($1.82), for a total value of £60,300 ($82,085.49). Also, insider Ben Ziff sold 29,900 shares of the firm's stock in a transaction that occurred on Tuesday, April 22nd. The stock was sold at an average price of GBX 134 ($1.82), for a total transaction of £40,066 ($54,541.25). Corporate 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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