Imperial Brands (LON:IMB) Stock Price Crosses Above Fifty Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 2,433 ($30.52) and traded as high as GBX 2,573 ($32.27). Imperial Brands shares last traded at GBX 2,560 ($32.11), with a volume of 395,000 shares.

Imperial Brands Price Performance

The company has a quick ratio of 0.41, a current ratio of 0.64 and a debt-to-equity ratio of 217.64. The company has a market capitalization of £21.59 billion, a price-to-earnings ratio of 1,113.04, a PEG ratio of 16.51 and a beta of 0.42. The stock’s 50-day simple moving average is GBX 2,433 and its two-hundred day simple moving average is GBX 2,217.42.

Imperial Brands Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be given a dividend of GBX 54.26 ($0.68) per share. This represents a dividend yield of 2.43%. The ex-dividend date of this dividend is Thursday, February 20th. This is an increase from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s dividend payout ratio is 6,652.17%.

Insider Activity at Imperial Brands

In related news, insider Lukas Paravicini sold 6,639 shares of the stock in a transaction on Monday, December 16th. The stock was sold at an average price of GBX 2,615 ($32.80), for a total value of £173,609.85 ($217,747.21). 7.33% of the stock is currently owned by corporate insiders.

Imperial Brands Company Profile

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.