AIREA (LON:AIEA) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of AIREA plc (LON:AIEA) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 25.97 ($0.33) and traded as high as GBX 26.50 ($0.34). AIREA shares last traded at GBX 25.30 ($0.33), with a volume of 343 shares trading hands.

AIREA Trading Down 4.5 %

The company has a market cap of £9.76 million, a P/E ratio of 1,300.00 and a beta of 1.08. The business’s 50-day moving average price is GBX 25.97 and its 200 day moving average price is GBX 23.82. The company has a debt-to-equity ratio of 12.40, a quick ratio of 1.66 and a current ratio of 2.98.

AIREA (LON:AIEA) last posted its quarterly earnings results on Thursday, March 27th. The company reported GBX (0.73) (($0.01)) EPS for the quarter. AIREA had a return on equity of 0.39% and a net margin of 0.31%.

AIREA Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 21st. Investors of record on Thursday, April 17th will be issued a dividend of GBX 0.60 ($0.01) per share. The ex-dividend date is Thursday, April 17th. This is a positive change from AIREA’s previous dividend of $0.55. This represents a dividend yield of 2.18%.

Insider Buying and Selling at AIREA

In other news, insider Conleth Campbell purchased 40,000 shares of the company’s stock in a transaction that occurred on Thursday, March 27th. The stock was acquired at an average cost of GBX 29 ($0.37) per share, with a total value of £11,600 ($14,958.09). Insiders own 54.06% of the company’s stock.

About AIREA

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.