Tribal Group (LON:TRB) Shares Cross Below 200 Day Moving Average – Time to Sell?

Tribal Group plc (LON:TRB)’s share price crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 52.72 ($0.68) and traded as low as GBX 39.78 ($0.52). Tribal Group shares last traded at GBX 40.20 ($0.52), with a volume of 48,838 shares changing hands.

Tribal Group Stock Down 3.8 %

The firm’s 50-day simple moving average is GBX 48.61 and its 200 day simple moving average is GBX 52.72. The company has a debt-to-equity ratio of 33.57, a quick ratio of 0.51 and a current ratio of 0.51. The company has a market capitalization of £85.84 million, a PE ratio of 4,020.00 and a beta of 0.35.

Tribal Group Dividend Announcement

The business also recently announced a dividend, which will be paid on Thursday, November 28th. Shareholders of record on Thursday, October 31st will be given a dividend of GBX 0.65 ($0.01) per share. The ex-dividend date of this dividend is Thursday, October 31st. This represents a yield of 1.12%. Tribal Group’s payout ratio is currently 10,000.00%.

Insider Activity

In related news, insider Diane McIntyre sold 49,000 shares of the company’s stock in a transaction that occurred on Friday, September 20th. The stock was sold at an average price of GBX 48 ($0.62), for a total value of £23,520 ($30,537.52). Insiders own 33.27% of the company’s stock.

About Tribal Group

Tribal Group plc, through its subsidiaries, provides software and services to education institutions worldwide. The company operates in two segments, Student Information Systems (SIS) and Education Services (ES). The SIS segment offers software, and maintenance and support services; and deploys and configures software solutions, asset management, and information managed services for its customers.