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

Temple Bar (LON:TMPL)’s stock price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty 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 traded.

Temple Bar Stock 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 company has a 50 day moving average of GBX 266.83 and a 200 day moving average of GBX 265.47. The firm has a market cap of £767.87 million, a price-to-earnings ratio of 924.14 and a beta of 1.11.

Temple Bar Increases Dividend

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

About Temple Bar

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.