James Latham (LON:LTHM) Hits New 52-Week Low – Here’s Why

James Latham plc (LON:LTHM)’s share price reached a new 52-week low during mid-day trading on Tuesday . The stock traded as low as GBX 1,000 ($12.87) and last traded at GBX 1,006 ($12.95), with a volume of 15964 shares. The stock had previously closed at GBX 1,035 ($13.33).

James Latham Price Performance

The company has a fifty day simple moving average of GBX 1,091.32 and a 200-day simple moving average of GBX 1,216.20. The company has a market cap of £218.28 million, a P/E ratio of 9.73 and a beta of 0.83. The company has a debt-to-equity ratio of 4.03, a current ratio of 5.43 and a quick ratio of 2.52.

James Latham Cuts Dividend

The business also recently announced a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were given a dividend of GBX 7.95 ($0.10) per share. This represents a dividend yield of 0.62%. The ex-dividend date was Thursday, January 2nd. James Latham’s dividend payout ratio (DPR) is presently 29.95%.

James Latham Company Profile

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.