James Latham (LON:LTHM) Stock Price Passes Below 200-Day Moving Average – Time to Sell?

James Latham plc (LON:LTHM) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,313.27 ($16.50) and traded as low as GBX 1,160 ($14.58). James Latham shares last traded at GBX 1,168 ($14.68), with a volume of 6,595 shares traded.

James Latham Stock Performance

The stock has a 50 day moving average of GBX 1,288.02 and a 200 day moving average of GBX 1,313.27. The company has a quick ratio of 2.52, a current ratio of 5.43 and a debt-to-equity ratio of 4.30. The firm has a market cap of £235.47 million, a price-to-earnings ratio of 1,033.63 and a beta of 0.83.

James Latham Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, January 24th. Stockholders of record on Thursday, January 2nd will be given a GBX 7.95 ($0.10) dividend. This represents a dividend yield of 0.62%. The ex-dividend date of this dividend is Thursday, January 2nd. James Latham’s payout ratio is presently 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.