Irish Continental Group (LON:ICGC) Stock Crosses Below Two Hundred Day Moving Average – Here’s Why

Irish Continental Group plc (LON:ICGC) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 467.19 ($6.01) and traded as low as GBX 451.50 ($5.81). Irish Continental Group shares last traded at GBX 455 ($5.86), with a volume of 1,906 shares traded.

Irish Continental Group Stock Performance

The firm has a 50 day moving average of GBX 465.05 and a two-hundred day moving average of GBX 467.19. The company has a debt-to-equity ratio of 94.03, a current ratio of 0.78 and a quick ratio of 0.75. The stock has a market cap of £748.84 million, a PE ratio of 1,516.67 and a beta of 0.99.

Irish Continental Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, September 12th were issued a dividend of €0.05 ($0.05) per share. The ex-dividend date was Thursday, September 12th. This represents a yield of 0.93%. Irish Continental Group’s payout ratio is currently 4,333.33%.

Irish Continental Group Company Profile

Irish Continental Group plc operates as a maritime transport company. It operates through two segments, Ferries, and Container and Terminal. The Ferries segment provides ferry services carrying passengers and roll on roll off freight on short sea routes on routes between Ireland, Britain, and Continental Europe under the Irish ferries brand; and chartering services.