Ingenta (LON:ING) Stock Price Crosses Below Fifty Day Moving Average of $124.21

Ingenta plc (LON:ING) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 124.21 ($1.60) and traded as low as GBX 115.60 ($1.49). Ingenta shares last traded at GBX 117.50 ($1.51), with a volume of 12,327 shares.

Ingenta Stock Performance

The stock has a market capitalization of £17.45 million, a PE ratio of 734.38 and a beta of 0.19. The firm’s fifty day moving average is GBX 124.21 and its 200-day moving average is GBX 148.98. The company has a current ratio of 1.25, a quick ratio of 1.30 and a debt-to-equity ratio of 5.09.

Ingenta Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, July 19th. Investors of record on Thursday, June 13th were issued a GBX 2.60 ($0.03) dividend. This is a positive change from Ingenta’s previous dividend of $1.50. This represents a yield of 1.77%. The ex-dividend date of this dividend was Thursday, June 13th. Ingenta’s payout ratio is 2,500.00%.

Insider Activity at Ingenta

In related news, insider Sebastian White sold 100,000 shares of the business’s stock in a transaction dated Friday, May 31st. The shares were sold at an average price of GBX 140 ($1.80), for a total value of £140,000 ($180,087.47). 46.33% of the stock is owned by insiders.

About Ingenta

Ingenta plc, together with its subsidiaries, provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom and internationally. The company offers applications designed to manage intellectual property assets and published content for print and digital products, such as royalty calculation, online sales and marketing, digital and print distribution, product, and subscription management.