Dr. Martens (LON:DOCS) Stock Price Up 0.5% – Time to Buy?

Dr. Martens plc (LON:DOCS)’s share price traded up 0.5% during mid-day trading on Friday . The company traded as high as GBX 74.95 ($0.93) and last traded at GBX 73.95 ($0.92). 1,003,337 shares changed hands during mid-day trading, an increase of 27% from the average session volume of 792,198 shares. The stock had previously closed at GBX 73.55 ($0.91).

Dr. Martens Stock Performance

The company has a debt-to-equity ratio of 129.55, a quick ratio of 1.13 and a current ratio of 2.85. The stock has a 50-day moving average of GBX 65.38 and a 200-day moving average of GBX 66.30. The firm has a market cap of £711.19 million, a price-to-earnings ratio of 1,056.43, a price-to-earnings-growth ratio of 6.40 and a beta of 0.11.

Dr. Martens Cuts Dividend

The firm also recently announced a dividend, which will be paid on Tuesday, April 8th. Investors of record on Thursday, March 6th will be issued a dividend of GBX 0.85 ($0.01) per share. This represents a yield of 1.47%. The ex-dividend date is Thursday, March 6th. Dr. Martens’s payout ratio is 4,285.71%.

Dr. Martens Company Profile

Dr. Martens is an iconic British brand founded in 1960 in Northamptonshire. Originally produced for workers looking
for tough, durable boots, the brand was quickly adopted by diverse youth subcultures and associated musical
movements. Dr. Martens have since transcended their working-class roots while still celebrating their proud heritage
and, six decades later, “Docs” or “DMs” are worn by people around the world who use them as a symbol of
empowerment and their own individual attitude.

The Company successfully listed on the main market of the London Stock Exchange on 29 January 2021 (DOCS.L) and
is a constituent of the FTSE 250 index.