Cairn Homes (LON:CRN) Shares Cross Below Fifty Day Moving Average – Time to Sell?

Cairn Homes plc (LON:CRN)’s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 179.84 ($2.34) and traded as low as GBX 170.80 ($2.22). Cairn Homes shares last traded at GBX 171.40 ($2.23), with a volume of 13,639,123 shares.

Cairn Homes Price Performance

The company has a debt-to-equity ratio of 39.97, a quick ratio of 0.22 and a current ratio of 9.29. The stock has a market cap of £1.27 billion, a PE ratio of 11.99 and a beta of 1.12. The stock’s 50-day moving average is GBX 179.84 and its two-hundred day moving average is GBX 177.04.

Cairn Homes Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 16th. Shareholders of record on Thursday, April 24th will be given a €0.04 ($0.05) dividend. This represents a yield of 2.16%. The ex-dividend date of this dividend is Thursday, April 24th. This is a boost from Cairn Homes’s previous dividend of $0.04. Cairn Homes’s dividend payout ratio (DPR) is currently 41.97%.

About Cairn Homes

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company engages in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.