TWC Enterprises (TSE:TWC) Stock Passes Below Fifty Day Moving Average - Time to Sell?

Key Points

• TWC Enterprises Limited's stock price has recently crossed below its 50-day moving average, hitting a low of C$21.81 while trading at C$22.50.
• The company has announced a quarterly dividend of $0.09 per share, translating to an annualized payout of $0.36 and a dividend yield of 1.6%.
• TWC Enterprises, which operates golf clubs in Canada and the U.S., has a market capitalization of C$548.46 million and a price-to-earnings ratio of 11.01.

TWC Enterprises Limited (TSE:TWC - Get Free Report)'s share price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of C$22.65 and traded as low as C$21.81. TWC Enterprises shares last traded at C$22.50, with a volume of 1,800 shares trading hands.

TWC Enterprises Price Performance

The company has a debt-to-equity ratio of 6.47, a quick ratio of 1.61 and a current ratio of 4.52. The firm has a market cap of C$566.50 million, a price-to-earnings ratio of 11.37 and a beta of 1.16. The stock's 50 day simple moving average is C$22.73 and its 200-day simple moving average is C$19.66.

TWC Enterprises Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 16th. Stockholders of record on Monday, June 16th were paid a $0.09 dividend. The ex-dividend date was Friday, May 30th. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.5%. TWC Enterprises's dividend payout ratio is presently 14.68%.

About TWC Enterprises

TWC Enterprises Limited owns, operates, and manages golf clubs under the ClubLink One Membership More Golf brand in Canada and the United States. The company was formerly known as ClubLink Enterprises Limited and changed its name to TWC Enterprises Limited in May 2014. The company was incorporated in 1997 and is based in King City, Canada.