Franchise Brands (LON:FRAN) Stock Price Down 1.5% – Time to Sell?

Posted by Bonnie Powley on Nov 29th, 2024

Shares of Franchise Brands plc (LON:FRAN – Get Free Report) fell 1.5% during mid-day trading on Thursday . The company traded as low as GBX 164 ($2.08) and last traded at GBX 165 ($2.09). 71,099 shares traded hands during mid-day trading, a decline of 80% from the average session volume of 355,270 shares. The stock had previously closed at GBX 167.50 ($2.13).

Franchise Brands Stock Down 1.5 %

The business’s 50 day simple moving average is GBX 160.24 and its 200-day simple moving average is GBX 169.22. The company has a debt-to-equity ratio of 42.68, a quick ratio of 1.57 and a current ratio of 1.39. The company has a market cap of £317.39 million, a price-to-earnings ratio of 4,125.00 and a beta of 0.82.

Franchise Brands Cuts Dividend

The company also recently announced a dividend, which was paid on Friday, November 1st. Shareholders of record on Thursday, October 3rd were paid a GBX 1.10 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, October 3rd. This represents a yield of 0.69%. Franchise Brands’s dividend payout ratio (DPR) is currently 5,000.00%.

Insiders Place Their Bets

In other news, insider Nigel Wray sold 7,000,000 shares of the firm’s stock in a transaction on Thursday, September 19th. The shares were sold at an average price of GBX 160 ($2.03), for a total transaction of £11,200,000 ($14,216,806.30). Insiders own 39.04% of the company’s stock.

About Franchise Brands

(Get Free Report)

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.