Mountview Estates (LON:MTVW) Share Price Crosses Above Fifty Day Moving Average – Here’s Why

Mountview Estates P.L.C. (LON:MTVW)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 8,880.88 ($108.44) and traded as high as GBX 9,120 ($111.36). Mountview Estates shares last traded at GBX 9,120 ($111.36), with a volume of 564 shares trading hands.

Mountview Estates Price Performance

The business has a 50-day simple moving average of GBX 8,885.28 and a two-hundred day simple moving average of GBX 9,180.11. The stock has a market capitalization of £351 million, a P/E ratio of 1,234.57 and a beta of 0.47. The company has a quick ratio of 0.79, a current ratio of 121.68 and a debt-to-equity ratio of 16.64.

Mountview Estates Cuts Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be given a GBX 250 ($3.05) dividend. This represents a yield of 2.71%. The ex-dividend date is Thursday, February 20th. Mountview Estates’s dividend payout ratio (DPR) is 7,544.58%.

Insider Buying and Selling at Mountview Estates

In other news, insider Andrew R. Williams purchased 300 shares of the business’s stock in a transaction dated Thursday, November 21st. The shares were acquired at an average price of GBX 8,900 ($108.67) per share, with a total value of £26,700 ($32,600.73). Company insiders own 73.33% of the company’s stock.

About Mountview Estates

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.