James Latham (LON:LTHM) Shares Pass Below Two Hundred Day Moving Average – Here’s Why

James Latham plc (LON:LTHM) shares passed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 1,284.52 ($15.87) and traded as low as GBX 1,102 ($13.62). James Latham shares last traded at GBX 1,102 ($13.62), with a volume of 8,664 shares.

James Latham Trading Down 1.0 %

The company has a debt-to-equity ratio of 4.30, a quick ratio of 2.52 and a current ratio of 5.43. The firm has a market cap of £222.57 million, a P/E ratio of 976.99 and a beta of 0.83. The firm has a 50 day simple moving average of GBX 1,171.90 and a 200 day simple moving average of GBX 1,284.52.

James Latham (LON:LTHM) last announced its quarterly earnings results on Thursday, November 28th. The company reported GBX 50.50 ($0.62) earnings per share (EPS) for the quarter. James Latham had a net margin of 6.18% and a return on equity of 11.03%. On average, equities research analysts predict that James Latham plc will post 105.2631579 EPS for the current fiscal year.

James Latham Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd were issued a GBX 7.95 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, January 2nd. This represents a dividend yield of 0.62%. James Latham’s payout ratio is currently 3,008.85%.

About James Latham

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.