Temple Bar (LON:TMPL) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Temple Bar (LON:TMPL)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 268.45 ($3.28) and traded as high as GBX 270 ($3.30). Temple Bar shares last traded at GBX 268.45 ($3.28), with a volume of 859,939 shares changing hands.

Temple Bar Price Performance

The company has a quick ratio of 3.68, a current ratio of 8.76 and a debt-to-equity ratio of 10.37. The firm’s fifty day moving average price is GBX 268.45 and its 200 day moving average price is GBX 268.03. The stock has a market cap of £764.66 million, a PE ratio of 920.28 and a beta of 1.11.

Temple Bar Increases Dividend

The company also recently declared a dividend, which was paid on Monday, December 30th. Investors of record on Thursday, November 21st were paid a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend was Thursday, November 21st. This is a positive change from Temple Bar’s previous dividend of $2.75. This represents a yield of 1.14%. Temple Bar’s dividend payout ratio is presently 3,448.28%.

About Temple Bar

Temple Bar’s investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies.