United Co.s (TSE:UNC) Stock Price Passes Above 50-Day Moving Average - Should You Sell?

United Co.s Limited (TSE:UNC - Get Free Report) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of C$132.25 and traded as high as C$136.00. United Co.s shares last traded at C$136.00, with a volume of 700 shares.

United Co.s Price Performance

The stock has a market capitalization of C$1.53 billion, a PE ratio of 3.85 and a beta of 0.60. The business has a 50 day moving average price of C$132.48 and a 200 day moving average price of C$128.84.

United Co.s Cuts Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, August 15th. Stockholders of record on Tuesday, August 5th will be paid a $0.03 dividend. This represents a $0.12 dividend on an annualized basis and a dividend yield of 0.09%. United Co.s's dividend payout ratio is presently 3.40%.

About United Co.s

The objective of the Company is to earn an above-average rate of return, primarily through long-term capital appreciation and dividend income. Short-term volatility is expected and tolerated. Management remains confident that the Companys investment strategy will reward shareholders over the long-term.The investment portfolio of the Company comprises primarily foreign equities.