James Latham (LON:LTHM) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

James Latham plc (LON:LTHM) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,305.69 ($15.98) and traded as low as GBX 1,150 ($14.08). James Latham shares last traded at GBX 1,160 ($14.20), with a volume of 26,883 shares.

James Latham Stock Performance

The stock has a market capitalization of £233.86 million, a PE ratio of 1,026.55 and a beta of 0.83. The business has a 50 day moving average price of GBX 1,220.01 and a 200 day moving average price of GBX 1,305.69. The company has a debt-to-equity ratio of 4.30, a current ratio of 5.43 and a quick ratio of 2.52.

James Latham Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, January 24th. Investors of record on Thursday, January 2nd will be given a dividend of GBX 7.95 ($0.10) per share. The ex-dividend date of this dividend is Thursday, January 2nd. This represents a dividend yield of 0.62%. James Latham’s dividend payout ratio (DPR) is presently 3,008.85%.

James Latham Company Profile

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.