Town Centre Securities (LON:TOWN) Share Price Crosses Below 50 Day Moving Average – Should You Sell?

Town Centre Securities Plc (LON:TOWN) crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 136.68 ($1.82) and traded as low as GBX 135 ($1.79). Town Centre Securities shares last traded at GBX 135 ($1.79), with a volume of 4,477 shares.

Town Centre Securities Price Performance

The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 133.21. The firm has a market cap of £56.87 million, a PE ratio of -7.56 and a beta of 1.11. The stock has a 50 day moving average price of GBX 136.68 and a two-hundred day moving average price of GBX 132.37.

Town Centre Securities (LON:TOWN) last announced its quarterly earnings data on Thursday, March 27th. The company reported GBX 4.20 ($0.06) EPS for the quarter. Town Centre Securities had a negative net margin of 23.60% and a negative return on equity of 6.58%. As a group, equities analysts expect that Town Centre Securities Plc will post 6.4926063 earnings per share for the current year.

Town Centre Securities Dividend Announcement

The business also recently declared a dividend, which will be paid on Friday, June 13th. Investors of record on Thursday, May 22nd will be given a dividend of GBX 2.50 ($0.03) per share. This represents a yield of 1.81%. The ex-dividend date is Thursday, May 22nd. Town Centre Securities’s dividend payout ratio is currently -28.00%.

Insider Buying and Selling at Town Centre Securities

In related news, insider Ben Ziff sold 29,900 shares of the company’s stock in a transaction dated Tuesday, April 22nd. The stock was sold at an average price of GBX 134 ($1.78), for a total value of £40,066 ($53,222.64). Also, insider Michael Ziff sold 45,000 shares of the business’s stock in a transaction that occurred on Monday, March 31st. The shares were sold at an average price of GBX 134 ($1.78), for a total value of £60,300 ($80,100.96). 56.94% of the stock is currently owned by corporate insiders.

About Town Centre Securities

Town Centre Securities PLC (the “Company”) is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.