Temple Bar (LON:TMPL) Stock Price Passes Above 50 Day Moving Average – Here’s Why

Shares of Temple Bar (LON:TMPL) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 265.52 ($3.46) and traded as high as GBX 269 ($3.50). Temple Bar shares last traded at GBX 265.50 ($3.46), with a volume of 477,011 shares traded.

Temple Bar Stock Down 1.1 %

The stock has a fifty day moving average price of GBX 265.40 and a two-hundred day moving average price of GBX 267.01. The company has a market cap of £760.71 million, a price-to-earnings ratio of 915.52 and a beta of 1.11. The company has a quick ratio of 3.68, a current ratio of 8.76 and a debt-to-equity ratio of 10.37.

Temple Bar Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, September 27th. Shareholders of record on Thursday, August 22nd were paid a GBX 2.75 ($0.04) dividend. This is a boost from Temple Bar’s previous dividend of $2.50. The ex-dividend date was Thursday, August 22nd. This represents a yield of 1.03%. Temple Bar’s payout ratio is 3,448.28%.

About Temple Bar

Temple Bar Investment Trust PLC is a closed-ended equity mutual fund launched and managed by RWC Asset Management LLP. The fund invests in the public equity markets of the United Kingdom. It seeks to invests in stocks of companies operating across diversified sectors. The fund primarily invests in stocks of companies across all market capitalizations, which are constituents of the FTSE 350 Index.