Ingenta (LON:ING) Shares Down 23.5%

Ingenta plc (LON:ING) was down 23.5% during trading on Wednesday . The company traded as low as GBX 90.30 ($1.19) and last traded at GBX 90.31 ($1.19). 144,290 shares traded hands during mid-day trading, an increase of 765% from the average daily volume of 16,686 shares. The stock had previously closed at GBX 118 ($1.56).

Ingenta Trading Down 3.6 %

The company has a debt-to-equity ratio of 5.09, a quick ratio of 1.30 and a current ratio of 1.36. The company has a market cap of £13.49 million, a price-to-earnings ratio of 603.13 and a beta of 0.16. The company’s fifty day moving average is GBX 115.82 and its two-hundred day moving average is GBX 135.07.

Ingenta Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, November 4th. Stockholders of record on Thursday, October 3rd will be paid a GBX 1.50 ($0.02) dividend. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.27%. Ingenta’s payout ratio is currently 2,500.00%.

About Ingenta

Ingenta plc, together with its subsidiaries, provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom and internationally. The company offers applications designed to manage intellectual property assets and published content for print and digital products, such as royalty calculation, online sales and marketing, digital and print distribution, product, and subscription management.