James Latham (LON:LTHM) Stock Passes Below 200 Day Moving Average – Here’s What Happened

James Latham plc (LON:LTHM)’s share price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,314.71 ($16.67) and traded as low as GBX 1,175 ($14.89). James Latham shares last traded at GBX 1,176.60 ($14.91), with a volume of 17,234 shares traded.

James Latham Price Performance

The company has a debt-to-equity ratio of 4.30, a quick ratio of 2.52 and a current ratio of 5.43. The firm has a market cap of £237.08 million, a P/E ratio of 1,041.24 and a beta of 0.83. The company has a 50-day moving average of GBX 1,307.49 and a 200 day moving average of GBX 1,314.71.

James Latham Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be given a dividend of GBX 7.95 ($0.10) per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.62%. James Latham’s dividend payout ratio (DPR) is presently 3,008.85%.

About James Latham

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.