Franchise Brands (LON:FRAN) Stock Price Passes Below 50 Day Moving Average – Here’s Why

Franchise Brands plc (LON:FRAN)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 165.96 ($2.17) and traded as low as GBX 152.32 ($1.99). Franchise Brands shares last traded at GBX 153.50 ($2.00), with a volume of 81,829 shares changing hands.

Franchise Brands Trading Up 2.3 %

The company’s fifty day simple moving average is GBX 165.96 and its two-hundred day simple moving average is GBX 173.96. The company has a market capitalization of £302.01 million, a price-to-earnings ratio of 3,837.50 and a beta of 0.82. The company has a quick ratio of 1.57, a current ratio of 1.39 and a debt-to-equity ratio of 42.68.

Franchise Brands Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, November 1st. Investors of record on Thursday, October 3rd will be paid a dividend of GBX 1.10 ($0.01) per share. This represents a yield of 0.69%. The ex-dividend date is Thursday, October 3rd. Franchise Brands’s payout ratio is presently 5,000.00%.

Insider Buying and Selling at Franchise Brands

In other Franchise Brands news, insider Peter Kear purchased 57,500 shares of the company’s stock in a transaction dated Monday, July 29th. The shares were bought at an average price of GBX 174 ($2.27) per share, with a total value of £100,050 ($130,647.69). In other Franchise Brands news, insider Nigel Wray sold 7,000,000 shares of the stock in a transaction dated Thursday, September 19th. The stock was sold at an average price of GBX 160 ($2.09), for a total transaction of £11,200,000 ($14,625,228.52). Also, insider Peter Kear acquired 57,500 shares of Franchise Brands stock in a transaction dated Monday, July 29th. The shares were purchased at an average cost of GBX 174 ($2.27) per share, with a total value of £100,050 ($130,647.69). Insiders own 39.04% of the company’s stock.

Franchise Brands Company Profile

Franchise Brands plc, through its subsidiaries, engages in franchising and related activities in the United Kingdom and internationally. The company operates through B2B, Filta International, B2C, and Azura segments. It offers drain clearance solutions to commercial customers, including facilities management, construction, manufacturing, education, retail, insurance, water utilities, and public sectors under the Metro Rod name; emergency plumbing services under the Metro Plumb name; fryer management and grease, drain management, and cooking oil filtration services to restaurants, supermarkets, stadiums, healthcare, education, hotels, and amusement parks under the Filta name; and designs, installs, and services adoptable and non-adoptable pump stations under the Willow Pumps name.