Town Centre Securities (LON:TOWN) Shares Pass Above Fifty Day Moving Average of $137.21

Town Centre Securities Plc (LON:TOWN) shares crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 137.21 ($1.72) and traded as high as GBX 145 ($1.82). Town Centre Securities shares last traded at GBX 145 ($1.82), with a volume of 37 shares trading hands.

Town Centre Securities Stock Performance

The firm has a market capitalization of £61.13 million, a P/E ratio of -241.67 and a beta of 1.04. The business’s 50 day moving average is GBX 137.49 and its two-hundred day moving average is GBX 132.90. The company has a quick ratio of 0.65, a current ratio of 0.70 and a debt-to-equity ratio of 130.44.

Town Centre Securities Announces Dividend

The company also recently announced a dividend, which will be paid on Friday, June 14th. Investors of record on Thursday, May 23rd will be paid a dividend of GBX 2.50 ($0.03) per share. The ex-dividend date is Thursday, May 23rd. This represents a yield of 1.88%. Town Centre Securities’s dividend payout ratio is currently -833.33%.

Insider Buying and Selling

In related news, insider Michael Ziff sold 20,000 shares of the stock in a transaction that occurred on Wednesday, April 10th. The shares were sold at an average price of GBX 141 ($1.77), for a total transaction of £28,200 ($35,422.69). 65.94% of the stock is owned by corporate insiders.

About Town Centre Securities

Town Centre Securities PLC (the "Company") is a public limited company domiciled in the United Kingdom. Its shares are listed on the main market of the London Stock Exchange. The address of its registered office is Town Centre House, The Merrion Centre, Leeds LS2 8LY. The principal activities of the group during the period remained those of property investment, development and trading and the provision of car parking.