Ramsdens (LON:RFX) Shares Down 1% – What’s Next?

Ramsdens Holdings PLC (LON:RFX) shares dropped 1% during trading on Thursday . The stock traded as low as GBX 215 ($2.78) and last traded at GBX 217.80 ($2.82). Approximately 24,424 shares changed hands during mid-day trading, a decline of 69% from the average daily volume of 79,613 shares. The stock had previously closed at GBX 220 ($2.85).

Ramsdens Stock Performance

The firm has a market capitalization of £72.00 million, a P/E ratio of 9.17 and a beta of 1.22. The company has a 50-day simple moving average of GBX 230.39 and a two-hundred day simple moving average of GBX 224.68. The company has a debt-to-equity ratio of 33.70, a quick ratio of 1.62 and a current ratio of 3.14.

Ramsdens (LON:RFX) last announced its earnings results on Tuesday, January 14th. The company reported GBX 26.10 ($0.34) EPS for the quarter. Ramsdens had a net margin of 8.78% and a return on equity of 15.34%. As a group, equities analysts forecast that Ramsdens Holdings PLC will post 20.0899991 EPS for the current year.

Ramsdens Increases Dividend

The business also recently declared a dividend, which was paid on Friday, March 21st. Investors of record on Thursday, February 13th were paid a GBX 7.60 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, February 13th. This represents a dividend yield of 3.23%. This is an increase from Ramsdens’s previous dividend of $3.60. Ramsdens’s dividend payout ratio is presently 44.86%.

Insiders Place Their Bets

In related news, insider Peter Edward Kenyon sold 90,000 shares of the firm’s stock in a transaction that occurred on Monday, January 27th. The shares were sold at an average price of GBX 226 ($2.93), for a total transaction of £203,400 ($263,266.89). Corporate insiders own 19.77% of the company’s stock.

About Ramsdens