Temple Bar (LON:TMPL) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Temple Bar (LON:TMPL)’s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 268.45 ($3.30) and traded as high as GBX 270 ($3.32). Temple Bar shares last traded at GBX 268.45 ($3.30), with a volume of 859,939 shares traded.

Temple Bar Price Performance

The stock’s 50 day simple moving average is GBX 268.45 and its 200-day simple moving average is GBX 268.03. The firm has a market cap of £764.29 million, a price-to-earnings ratio of 919.83 and a beta of 1.11. The company has a debt-to-equity ratio of 10.37, a quick ratio of 3.68 and a current ratio of 8.76.

Temple Bar Increases Dividend

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

Temple Bar Company Profile

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.