Investec Group (LON:INVP) Shares Cross Below 200 Day Moving Average – Here’s What Happened

Investec Group (LON:INVP) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 580.63 ($7.31) and traded as low as GBX 536 ($6.74). Investec Group shares last traded at GBX 542 ($6.82), with a volume of 570,229 shares changing hands.

Investec Group Stock Down 0.1 %

The stock has a 50 day simple moving average of GBX 584.91 and a 200 day simple moving average of GBX 580.36. The company has a market cap of £3.50 billion, a price-to-earnings ratio of 797.06, a PEG ratio of 0.67 and a beta of 1.05.

Investec Group Cuts Dividend

The company also recently disclosed a dividend, which will be paid on Tuesday, December 31st. Shareholders of record on Thursday, December 12th will be given a dividend of GBX 16.50 ($0.21) per share. This represents a yield of 2.72%. The ex-dividend date of this dividend is Thursday, December 12th. Investec Group’s payout ratio is 5,147.06%.

Investec Group Company Profile

Investec Group engages in the provision of various financial products and services in South Africa, the United Kingdom, and internationally. The company provides private banking services; wealth services, including wealth and portfolio management, stockbroking, and offshore and retirement investment, and intergenerational wealth solutions; savings accounts; personal and property financing, and finance for practice; and insurance solutions covering severe illness, disability, life, mortgage and income protection, and business overloads.