Law Debenture (LON:LWDB) Reaches New 52-Week High at $899.00

Shares of Law Debenture Co. (LON:LWDB) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 899 ($11.52) and last traded at GBX 899 ($11.52), with a volume of 241908 shares trading hands. The stock had previously closed at GBX 891 ($11.41).

Law Debenture Stock Performance

The company has a market cap of £1.18 billion, a price-to-earnings ratio of 1,536.21 and a beta of 0.89. The company has a current ratio of 1.73, a quick ratio of 3.21 and a debt-to-equity ratio of 19.86. The stock’s fifty day simple moving average is GBX 867.80 and its 200 day simple moving average is GBX 817.22.

Law Debenture Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, July 4th. Shareholders of record on Thursday, May 30th were issued a GBX 8 ($0.10) dividend. The ex-dividend date of this dividend was Thursday, May 30th. This represents a yield of 0.9%. Law Debenture’s payout ratio is 5,517.24%.

Insider Buying and Selling at Law Debenture

In other Law Debenture news, insider Denis Jackson sold 6,973 shares of the stock in a transaction dated Friday, April 12th. The shares were sold at an average price of GBX 783 ($10.03), for a total value of £54,598.59 ($69,935.43). 6.35% of the stock is owned by insiders.

About Law Debenture

The Law Debenture Corporation p.l.c., an investment trust, provides independent professional services to companies, agencies, organizations, and individuals in the United Kingdom and internationally. The company operates through two segments, Investment Portfolio and Independent Professional Services.