Truxton (OTCMKTS:TRUX) Share Price Passes Above 50-Day Moving Average - Should You Sell?

Key Points

• Truxton Corp.'s stock price recently crossed above its 50-day moving average of $78.16, reaching a high of $81.00 during trading.
• The company reported earnings of $1.84 per share with a revenue of $14.60 million for the last quarter.
• Truxton has announced a quarterly dividend of $0.50 per share, resulting in an annualized dividend yield of 2.47%.

Shares of Truxton Corp. (OTCMKTS:TRUX - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of $78.16 and traded as high as $81.00. Truxton shares last traded at $81.00, with a volume of 108 shares changing hands.

Truxton Stock Performance

The company has a market cap of $233.04 million, a price-to-earnings ratio of 11.74 and a beta of 0.55. The business has a 50-day simple moving average of $78.44 and a 200-day simple moving average of $76.43.

Truxton (OTCMKTS:TRUX - Get Free Report) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $1.84 EPS for the quarter. The business had revenue of $14.60 million during the quarter.

Truxton Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 2.5%. Truxton's payout ratio is 28.99%.

Truxton Company Profile

Truxton Corporation, through its subsidiaries, provides various banking, investment management, and trust administration services to individuals, businesses, and charitable institutions in the United States. The company offers deposit products, including demand, money market accounts, and certificates of deposit.