Bisichi (LON:BISI) Share Price Crosses Below 50 Day Moving Average – What’s Next?

Bisichi PLC (LON:BISI) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 108.65 ($1.41) and traded as low as GBX 106.36 ($1.38). Bisichi shares last traded at GBX 115 ($1.49), with a volume of 3,731 shares changing hands.

Bisichi Price Performance

The company has a quick ratio of 1.03, a current ratio of 0.59 and a debt-to-equity ratio of 18.02. The firm’s fifty day moving average price is GBX 108.65 and its 200 day moving average price is GBX 92.23. The stock has a market cap of £12.28 million, a PE ratio of 479.17 and a beta of -0.10.

Bisichi Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be given a dividend of GBX 3 ($0.04) per share. The ex-dividend date of this dividend is Thursday, January 9th. This represents a dividend yield of 2.61%. Bisichi’s payout ratio is 2,916.67%.

Insider Transactions at Bisichi

In other news, insider Clement Robin Parish purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, October 10th. The stock was bought at an average cost of GBX 123 ($1.60) per share, with a total value of £6,150 ($7,975.62). Insiders own 58.54% of the company’s stock.

Bisichi Company Profile

Bisichi PLC engages in the coal mining and processing activities in South Africa. The company owns an interest in the Black Wattle Colliery, a coal mining and washing operation located in Mpumulanga, South Africa. It is also involved in the retail property investment and residential property development activities in the United Kingdom, as well as share dealing business.