Truxton (OTCMKTS:TRUX) Shares Pass Above Fifty Day Moving Average - Should You Sell?

Key Points

• Truxton Corp. shares recently crossed above their 50-day moving average, reaching a high of $83.00 during trading, which suggests potential upward momentum.
• The company reported a quarterly EPS of $1.84 and revenue of $14.60 million, indicating solid financial performance.
• Truxton declared a $0.50 quarterly dividend, with an annualized yield of 2.4%, reflecting a conservative payout ratio of 28.99%.

Shares of Truxton Corp. (OTCMKTS:TRUX - Get Free Report) passed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $79.03 and traded as high as $83.00. Truxton shares last traded at $83.00, with a volume of 179 shares.

Truxton Stock Up 1.8%

The firm has a market cap of $243.36 million, a P/E ratio of 12.25 and a beta of 0.52. The business has a fifty day simple moving average of $79.48 and a 200-day simple moving average of $76.84.

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

Truxton Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 24th. Investors of record on Wednesday, September 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 2.4%. Truxton's payout ratio is currently 28.99%.

About Truxton

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.