Temple Bar (LON:TMPL) Share Price Passes Above 50-Day Moving Average – Here’s What Happened

Temple Bar (LON:TMPL) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 266.90 ($3.47) and traded as high as GBX 269 ($3.49). Temple Bar shares last traded at GBX 266.50 ($3.46), with a volume of 397,769 shares.

Temple Bar Price Performance

The business has a fifty day moving average price of GBX 266.90 and a 200-day moving average price of GBX 265.14. The company has a current ratio of 8.76, a quick ratio of 3.68 and a debt-to-equity ratio of 10.37. The stock has a market capitalization of £767.87 million, a PE ratio of 918.97 and a beta of 1.11.

Temple Bar Increases Dividend

The business also recently announced a dividend, which was paid on Friday, September 27th. Investors of record on Thursday, August 22nd were issued a dividend of GBX 2.75 ($0.04) per share. The ex-dividend date of this dividend was Thursday, August 22nd. This is a boost from Temple Bar’s previous dividend of $2.50. This represents a yield of 1.03%. Temple Bar’s dividend payout ratio is currently 3,448.28%.

Temple Bar Company Profile

Temple Bar Investment Trust PLC is a closed-ended equity mutual fund launched and managed by RWC Asset Management LLP. The fund invests in the public equity markets of the United Kingdom. It seeks to invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of companies across all market capitalizations, which are constituents of the FTSE 350 Index.