Imperial Brands (LON:IMB) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Imperial Brands PLC (LON:IMB)’s stock price crossed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 2,692.47 ($34.71) and traded as high as GBX 2,794 ($36.01). Imperial Brands shares last traded at GBX 2,768 ($35.68), with a volume of 2,603,980 shares changing hands.

Imperial Brands Price Performance

The firm has a 50-day moving average of GBX 2,692.47 and a 200 day moving average of GBX 2,445.44. The company has a market capitalization of £22.66 billion, a PE ratio of 11.43, a PEG ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41.

Imperial Brands Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Stockholders of record on Thursday, February 20th will be issued a dividend of GBX 54.26 ($0.70) per share. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s dividend payout ratio (DPR) is presently 64.80%.

Insider Transactions at Imperial Brands

In other news, insider Alan Johnson purchased 1,397 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average cost of GBX 2,862 ($36.89) per share, for a total transaction of £39,982.14 ($51,536.66). Also, insider Stefan Bomhard sold 112,183 shares of the company’s stock in a transaction on Monday, February 17th. The shares were sold at an average price of GBX 2,788 ($35.94), for a total value of £3,127,662.04 ($4,031,531.37). Company insiders own 7.33% of the company’s stock.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.