FW Thorpe (LON:TFW) Trading Down 3.7% – Should You Sell?

FW Thorpe Plc (LON:TFW) shares were down 3.7% during trading on Thursday . The stock traded as low as GBX 340 ($4.28) and last traded at GBX 340 ($4.28). Approximately 6,559 shares changed hands during mid-day trading, a decline of 82% from the average daily volume of 35,496 shares. The stock had previously closed at GBX 353 ($4.45).

FW Thorpe Stock Up 5.3 %

The company has a debt-to-equity ratio of 5.97, a quick ratio of 1.98 and a current ratio of 2.52. The company has a market cap of £420.26 million, a PE ratio of 1,704.76 and a beta of 0.61. The firm has a fifty day simple moving average of GBX 329.60 and a 200 day simple moving average of GBX 350.36.

FW Thorpe Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, November 29th. Shareholders of record on Thursday, October 24th will be issued a GBX 7.58 ($0.10) dividend. This is a boost from FW Thorpe’s previous dividend of $1.70. The ex-dividend date is Thursday, October 24th. This represents a yield of 2.44%. FW Thorpe’s payout ratio is 3,333.33%.

About FW Thorpe

FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Germany, rest of Europe, and internationally. The company offers professional lighting and control systems, including recessed, surface, and suspended luminaires; emergency lighting systems; hazardous area lighting; high and low bay luminaires; lighting controls; and exterior lighting products for commercial, industrial, education, healthcare, manufacturing, retail, display, and hospitality markets.