Duke Capital (LON:DUKE) Shares Pass Above 50 Day Moving Average – What’s Next?

Shares of Duke Capital Limited (LON:DUKE) passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 30.07 ($0.38) and traded as high as GBX 30.50 ($0.38). Duke Capital shares last traded at GBX 30.50 ($0.38), with a volume of 422,402 shares trading hands.

Wall Street Analyst Weigh In

A number of research firms recently commented on DUKE. Canaccord Genuity Group decreased their target price on Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating for the company in a report on Monday, December 16th. Canaccord Genuity Group dropped their price objective on shares of Duke Capital from GBX 52 ($0.65) to GBX 46 ($0.58) and set a “buy” rating on the stock in a report on Monday, December 16th.

Duke Capital Trading Up 1.7 %

The company has a fifty day moving average of GBX 30.07 and a 200-day moving average of GBX 31.77. The company has a market capitalization of £127.11 million, a price-to-earnings ratio of 1,016.67 and a beta of 1.37. The company has a current ratio of 29.50, a quick ratio of 15.36 and a debt-to-equity ratio of 42.60.

Duke Capital Announces Dividend

The company also recently declared a dividend, which will be paid on Tuesday, January 14th. Stockholders of record on Tuesday, December 24th will be paid a GBX 0.70 ($0.01) dividend. This represents a dividend yield of 2.33%. The ex-dividend date of this dividend is Tuesday, December 24th. Duke Capital’s dividend payout ratio is presently 10,000.00%.

Duke Capital Company Profile

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.