Mountview Estates (LON:MTVW) Shares Pass Above Fifty Day Moving Average – Here’s What Happened

Mountview Estates P.L.C. (LON:MTVW)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 8,880.88 ($109.28) and traded as high as GBX 9,120 ($112.22). Mountview Estates shares last traded at GBX 9,120 ($112.22), with a volume of 564 shares changing hands.

Mountview Estates Price Performance

The company has a debt-to-equity ratio of 16.64, a current ratio of 121.68 and a quick ratio of 0.79. The stock has a market capitalization of £355.68 million, a price-to-earnings ratio of 1,251.03 and a beta of 0.47. The stock’s 50 day simple moving average is GBX 8,880.88 and its 200-day simple moving average is GBX 9,180.53.

Mountview Estates Cuts Dividend

The business also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be issued a dividend of GBX 250 ($3.08) per share. The ex-dividend date is Thursday, February 20th. This represents a yield of 2.71%. Mountview Estates’s dividend payout ratio (DPR) is currently 7,544.58%.

Insiders Place Their Bets

In other Mountview Estates news, insider Andrew R. Williams bought 300 shares of the stock in a transaction on Thursday, November 21st. The shares were purchased at an average price of GBX 8,900 ($109.51) per share, with a total value of £26,700 ($32,853.45). Insiders own 73.33% of the company’s stock.

Mountview Estates Company Profile

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.