FW Thorpe’s (TFW) Buy Rating Reaffirmed at Liberum Capital

Liberum Capital reissued their buy rating on shares of FW Thorpe (LON:TFW) in a report published on Thursday morning, Stock Target Advisor reports.

Shares of LON:TFW traded up GBX 1 ($0.01) during trading hours on Thursday, hitting GBX 291 ($3.80). The company’s stock had a trading volume of 5,332 shares, compared to its average volume of 12,177. The firm’s fifty day moving average price is GBX 280.57 and its 200 day moving average price is GBX 306.74. The company has a debt-to-equity ratio of 1.75, a current ratio of 4.39 and a quick ratio of 3.26. FW Thorpe has a 52 week low of GBX 219 ($2.86) and a 52 week high of GBX 345 ($4.51). The company has a market capitalization of $338.52 million and a price-to-earnings ratio of 21.09.

The business also recently disclosed a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be paid a GBX 4.10 ($0.05) dividend. This represents a dividend yield of 1.37%. This is an increase from FW Thorpe’s previous dividend of $1.43. The ex-dividend date of this dividend is Thursday, October 31st. FW Thorpe’s dividend payout ratio (DPR) is presently 0.43%.

In related news, insider David Taylor sold 23,517 shares of the firm’s stock in a transaction that occurred on Wednesday, October 30th. The stock was sold at an average price of GBX 260 ($3.40), for a total value of £61,144.20 ($79,895.73).

FW Thorpe Company Profile

FW Thorpe Plc, together with its subsidiaries, designs, manufactures, and supplies professional lighting equipment in the United Kingdom, the Netherlands, Europe, and internationally. The company offers professional lighting and control systems, including recessed, surface, and suspended luminaires; emergency lighting systems; hazardous area lighting; high and low bay luminaires; lighting controls; and exterior lighting products for commercial, industrial, education, healthcare, manufacturing, retail, display, and hospitality markets.

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