Braemar (LON:BMS) Hits New 1-Year Low – Time to Sell?

Braemar Plc (LON:BMS) shares reached a new 52-week low during trading on Monday . The stock traded as low as GBX 236 ($2.97) and last traded at GBX 238.76 ($3.00), with a volume of 88412 shares traded. The stock had previously closed at GBX 244 ($3.07).

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a “buy” rating and set a GBX 410 ($5.15) price objective on shares of Braemar in a research report on Thursday, September 19th.

Braemar Stock Down 2.1 %

The company’s fifty day simple moving average is GBX 256.07 and its 200-day simple moving average is GBX 282.16. The firm has a market capitalization of £72.97 million, a PE ratio of 1,836.62 and a beta of 1.17. The company has a debt-to-equity ratio of 43.61, a current ratio of 1.42 and a quick ratio of 1.23.

Braemar Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, January 13th. Shareholders of record on Thursday, November 21st will be paid a GBX 4.50 ($0.06) dividend. This represents a yield of 1.7%. The ex-dividend date is Thursday, November 21st. Braemar’s dividend payout ratio (DPR) is presently 10,000.00%.

Insider Activity

In other Braemar news, insider James Christopher Duchar Gundy acquired 10,000 shares of the company’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average cost of GBX 246 ($3.09) per share, with a total value of £24,600 ($30,920.06). Corporate insiders own 46.79% of the company’s stock.

Braemar Company Profile

Braemar Plc provides shipbroking services in the United Kingdom and internationally. It operates in three segments: Investment Advisory, Chartering, and Risk Advisory. The Chartering segment provides shipbroking services for deep sea tankers, specialized tankers, dry cargo, and offshore; cost-saving solutions; freight consultancy; and a vessel database.