Ocean Wilsons (LON:OCN) Stock Crosses Above 200-Day Moving Average – Here’s Why

Ocean Wilsons Holdings Limited (LON:OCN) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,332.16 ($17.18) and traded as high as GBX 1,403.50 ($18.11). Ocean Wilsons shares last traded at GBX 1,395 ($18.00), with a volume of 15,852 shares traded.

Ocean Wilsons Price Performance

The company has a debt-to-equity ratio of 85.64, a quick ratio of 2.96 and a current ratio of 2.74. The stock has a market capitalization of £584.20 million, a PE ratio of 9.47 and a beta of 0.96. The stock’s 50 day moving average is GBX 1,334.97 and its two-hundred day moving average is GBX 1,332.11.

Ocean Wilsons Increases Dividend

The company also recently announced a dividend, which will be paid on Wednesday, May 28th. Stockholders of record on Thursday, April 24th will be given a $1.22 dividend. This represents a dividend yield of 6.64%. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Ocean Wilsons’s previous dividend of $0.85. Ocean Wilsons’s dividend payout ratio (DPR) is 47.87%.

About Ocean Wilsons

Ocean Wilsons Holdings Limited, an investment holding company, offers maritime and logistics services in Brazil. It operates in two segments, Maritime Services and Investments. The Maritime Services segment provides towage, ship agency, port terminals, offshore, logistics, and shipyard services. The Investments segment holds a portfolio of international investments.