Ingenta (LON:ING) Trading Down 23.5%

Ingenta plc (LON:ING) was down 23.5% during trading on Wednesday . The company traded as low as GBX 90.30 ($1.19) and last traded at GBX 90.31 ($1.19). Approximately 144,290 shares were traded during trading, an increase of 765% from the average daily volume of 16,686 shares. The stock had previously closed at GBX 118 ($1.56).

Ingenta Trading Down 23.4 %

The firm has a market capitalization of £13.11 million, a PE ratio of 564.75 and a beta of 0.16. The company has a quick ratio of 1.30, a current ratio of 1.36 and a debt-to-equity ratio of 5.09. The business’s fifty day moving average price is GBX 116.61 and its 200 day moving average price is GBX 135.62.

Ingenta Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, November 4th. Stockholders of record on Thursday, October 3rd will be issued a dividend of GBX 1.50 ($0.02) per share. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.27%. Ingenta’s dividend payout ratio (DPR) is presently 2,500.00%.

About Ingenta

Ingenta plc, together with its subsidiaries, provides content management, advertising, and commercial enterprise solutions and services in the United Kingdom and internationally. The company offers applications designed to manage intellectual property assets and published content for print and digital products, such as royalty calculation, online sales and marketing, digital and print distribution, product, and subscription management.