Monks (LON:MNKS) Shares Cross Below Fifty Day Moving Average of $1,148.78

Monks (LON:MNKS) shares crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,148.78 ($15.38) and traded as low as GBX 1,142 ($15.29). Monks shares last traded at GBX 1,154 ($15.45), with a volume of 538,152 shares.

Monks Stock Down 0.3 %

The stock’s fifty day moving average price is GBX 1,148.78 and its 200-day moving average price is GBX 1,151.94. The company has a market capitalization of £2.35 billion, a price-to-earnings ratio of 648.31 and a beta of 0.71. The company has a quick ratio of 0.22, a current ratio of 0.82 and a debt-to-equity ratio of 8.39.

Monks Cuts Dividend

The firm also recently declared a dividend, which was paid on Tuesday, September 17th. Shareholders of record on Thursday, August 8th were given a dividend of GBX 2.10 ($0.03) per share. The ex-dividend date was Thursday, August 8th. This represents a yield of 0.18%. Monks’s dividend payout ratio (DPR) is presently 112.36%.

Insider Activity

In related news, insider Stacey Parrinder-Johnson bought 1,250 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were acquired at an average price of GBX 1,158 ($15.51) per share, for a total transaction of £14,475 ($19,382.70). 5.07% of the stock is owned by corporate insiders.

Monks Company Profile

The Monks Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. It is co-managed by Baillie Gifford & Co The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.