Mountview Estates (LON:MTVW) Sets New 52-Week Low – Time to Sell?

Shares of Mountview Estates P.L.C. (LON:MTVW) reached a new 52-week low during trading on Wednesday . The stock traded as low as GBX 8,550 ($107.48) and last traded at GBX 8,600 ($108.11), with a volume of 375 shares traded. The stock had previously closed at GBX 8,675 ($109.05).

Mountview Estates Trading Down 0.9 %

The business has a 50 day simple moving average of GBX 9,011.15 and a two-hundred day simple moving average of GBX 9,379.98. The company has a current ratio of 121.68, a quick ratio of 0.79 and a debt-to-equity ratio of 16.64. The company has a market cap of £335.40 million, a PE ratio of 1,179.70 and a beta of 0.47.

Mountview Estates Cuts Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Investors of record on Thursday, February 20th will be paid a GBX 250 ($3.14) dividend. The ex-dividend date of this dividend is Thursday, February 20th. This represents a yield of 2.71%. Mountview Estates’s payout ratio is currently 7,544.58%.

Insider Activity

In other news, insider Andrew R. Williams purchased 300 shares of the stock in a transaction on Thursday, November 21st. The stock was purchased at an average price of GBX 8,900 ($111.88) per share, with a total value of £26,700 ($33,563.80). Corporate insiders own 73.33% of the company’s stock.

Mountview Estates Company Profile

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.