Duke Capital (LON:DUKE) Shares Cross Above 50 Day Moving Average – Should You Sell?

Duke Capital Limited (LON:DUKE) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 30.07 ($0.38) and traded as high as GBX 30.50 ($0.38). Duke Capital shares last traded at GBX 30.50 ($0.38), with a volume of 422,402 shares changing hands.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. Canaccord Genuity Group cut their price objective on shares of Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating on the stock in a research report on Monday, December 16th. Canaccord Genuity Group cut their price target on Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating on the stock in a report on Monday, December 16th.

Duke Capital Trading Up 0.3 %

The company has a market capitalization of £125.44 million, a P/E ratio of 1,003.33 and a beta of 1.37. The company has a quick ratio of 15.36, a current ratio of 29.50 and a debt-to-equity ratio of 42.60. The firm’s 50-day moving average price is GBX 30.01 and its 200 day moving average price is GBX 31.75.

Duke Capital Announces Dividend

The business also recently announced a dividend, which will be paid on Tuesday, January 14th. Investors of record on Tuesday, December 24th will be given a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date is Tuesday, December 24th. This represents a dividend yield of 2.33%. Duke Capital’s payout ratio is 10,000.00%.

About Duke Capital

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.