Mountview Estates (LON:MTVW) Share Price Passes Above 50 Day Moving Average – Here’s What Happened

Shares of Mountview Estates P.L.C. (LON:MTVW) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 8,880.88 ($109.28) and traded as high as GBX 9,120 ($112.22). Mountview Estates shares last traded at GBX 9,120 ($112.22), with a volume of 564 shares trading hands.

Mountview Estates Price Performance

The company has a fifty day moving average of GBX 8,880.88 and a 200-day moving average of GBX 9,180.53. The stock has a market cap of £355.68 million, a PE ratio of 1,251.03 and a beta of 0.47. The company has a current ratio of 121.68, a quick ratio of 0.79 and a debt-to-equity ratio of 16.64.

Mountview Estates Cuts Dividend

The firm also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be paid a dividend of GBX 250 ($3.08) per share. The ex-dividend date is Thursday, February 20th. This represents a yield of 2.71%. Mountview Estates’s dividend payout ratio (DPR) is presently 7,544.58%.

Insider Activity

In related news, insider Andrew R. Williams bought 300 shares of the firm’s stock in a transaction that occurred on Thursday, November 21st. The stock was purchased at an average cost of GBX 8,900 ($109.51) per share, for a total transaction of £26,700 ($32,853.45). Insiders own 73.33% of the company’s stock.

Mountview Estates Company Profile

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.