FW Thorpe (LON:TFW) Stock Price Down 3.4% – Here’s Why

Shares of FW Thorpe Plc (LON:TFW) were down 3.4% during trading on Thursday . The company traded as low as GBX 296 ($3.84) and last traded at GBX 296 ($3.84). Approximately 67,862 shares traded hands during mid-day trading, an increase of 109% from the average daily volume of 32,460 shares. The stock had previously closed at GBX 306.42 ($3.98).

FW Thorpe Trading Down 3.4 %

The business’s fifty day moving average is GBX 337.04 and its 200-day moving average is GBX 355.47. The firm has a market cap of £347.47 million, a P/E ratio of 1,409.52 and a beta of 0.61. The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.98 and a current ratio of 2.52.

FW Thorpe Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Stockholders of record on Thursday, October 24th will be given a dividend of GBX 7.58 ($0.10) per share. This is an increase from FW Thorpe’s previous dividend of $1.70. The ex-dividend date of this dividend is Thursday, October 24th. This represents a dividend yield of 2.44%. FW Thorpe’s dividend payout ratio (DPR) is 3,333.33%.

FW Thorpe Company Profile

FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally. The company offers professional lighting and control systems, including recessed, surface, and suspended luminaires; emergency lighting systems; hazardous area lighting; high and low bay luminaires; lighting controls; and exterior lighting products for commercial, industrial, education, healthcare, manufacturing, retail, display, and hospitality markets.