Brickability Group (LON:BRCK) Shares Down 3.7% – Here’s Why

Brickability Group Plc (LON:BRCK)’s stock price dropped 3.7% on Friday . The stock traded as low as GBX 57.40 ($0.74) and last traded at GBX 57.80 ($0.75). Approximately 341,866 shares changed hands during trading, a decline of 45% from the average daily volume of 621,752 shares. The stock had previously closed at GBX 60 ($0.78).

Brickability Group Trading Down 3.7 %

The company has a market capitalization of £186.92 million, a price-to-earnings ratio of 11.50 and a beta of 1.30. The company has a debt-to-equity ratio of 47.17, a quick ratio of 1.07 and a current ratio of 1.31. The business’s 50-day simple moving average is GBX 59.66 and its 200-day simple moving average is GBX 61.94.

Brickability Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, February 20th. Shareholders of record on Thursday, January 23rd were paid a GBX 1.12 ($0.01) dividend. The ex-dividend date of this dividend was Thursday, January 23rd. This represents a yield of 2%. Brickability Group’s payout ratio is presently 59.68%.

Brickability Group Company Profile

Brickability Group Plc is a leading distributor and provider of specialist products and services to the UK construction industry. The business comprises four divisions: Bricks and Building Materials, Contracting, Distribution, and Strategic Importing. With an agile, de-centralised, capital-light business model, supported by a strong balance sheet, Brickability leverages the skills of its people company-wide to effectively service the complex and evolving needs of the construction industry.
Incorporated in 1985, the Group has grown organically through product diversification and geographic expansion, as well as through the acquisition of specialist businesses that support its long-term strategy for growth.