Braemar (LON:BMS) Hits New 1-Year Low – Should You Sell?

Braemar Plc (LON:BMS)’s stock price hit a new 52-week low on Thursday . The stock traded as low as GBX 238 ($2.98) and last traded at GBX 239 ($3.00), with a volume of 126196 shares changing hands. The stock had previously closed at GBX 246 ($3.08).

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reissued a “buy” rating and issued a GBX 410 ($5.14) target price on shares of Braemar in a report on Thursday, September 19th.

Braemar Trading Up 0.4 %

The company has a market cap of £74.11 million, a PE ratio of 1,865.38 and a beta of 1.17. The stock’s 50 day moving average is GBX 272.73 and its 200-day moving average is GBX 287.98. The company has a quick ratio of 1.23, a current ratio of 1.42 and a debt-to-equity ratio of 43.61.

Braemar Cuts Dividend

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

Insider Activity at Braemar

In other news, insider James Christopher Duchar Gundy acquired 10,000 shares of the business’s stock in a transaction on Thursday, November 21st. The shares were acquired at an average price of GBX 246 ($3.08) per share, for a total transaction of £24,600 ($30,838.66). 46.79% of the stock is owned by insiders.

About Braemar

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.