SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Shares Down 0.3% – Should You Sell?

Shares of SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) fell 0.3% during trading on Thursday . The stock traded as low as $25.28 and last traded at $25.3640. 4,250 shares changed hands during mid-day trading, an increase of 17% from the average daily volume of 3,618 shares. The stock had previously closed at $25.43.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Down 0.3%

The business’s fifty day moving average is $25.35 and its 200 day moving average is $25.46.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were paid a $0.5625 dividend. This represents a $2.25 dividend on an annualized basis and a yield of 8.9%. The ex-dividend date was Monday, June 15th.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.