Temple Bar (LON:TMPL) Shares Pass Above Fifty Day Moving Average – Should You Sell?

Temple Bar (LON:TMPL) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 266.11 ($3.45) and traded as high as GBX 266.75 ($3.46). Temple Bar shares last traded at GBX 263 ($3.41), with a volume of 545,278 shares changing hands.

Temple Bar Trading Up 1.5 %

The stock has a 50-day moving average price of GBX 265.81 and a 200-day moving average price of GBX 266.30. The stock has a market cap of £765.01 million, a P/E ratio of 920.69 and a beta of 1.11. The company has a debt-to-equity ratio of 10.37, a quick ratio of 3.68 and a current ratio of 8.76.

Temple Bar Increases Dividend

The firm also recently announced a dividend, which was paid on Friday, September 27th. Stockholders of record on Thursday, August 22nd were paid a dividend of GBX 2.75 ($0.04) per share. The ex-dividend date was Thursday, August 22nd. This is a boost from Temple Bar’s previous dividend of $2.50. This represents a dividend 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.