Christie Group (LON:CTG) Share Price Crosses Above 50-Day Moving Average of $118.70

Christie Group plc (LON:CTGGet Rating)’s stock price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 118.70 ($1.44) and traded as high as GBX 124.50 ($1.51). Christie Group shares last traded at GBX 122.50 ($1.49), with a volume of 13,430 shares changing hands.

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Christie Group in a research note on Tuesday, May 3rd.

The business’s 50 day simple moving average is GBX 118.70 and its 200 day simple moving average is GBX 109.62. The company has a debt-to-equity ratio of 785.23, a current ratio of 1.35 and a quick ratio of 1.04. The stock has a market cap of £32.50 million and a P/E ratio of 9.21.

The company also recently declared a dividend, which will be paid on Friday, July 8th. Stockholders of record on Thursday, June 9th will be given a dividend of GBX 2 ($0.02) per share. This represents a dividend yield of 1.7%. This is a boost from Christie Group’s previous dividend of $1.00. The ex-dividend date is Thursday, June 9th. Christie Group’s dividend payout ratio (DPR) is currently 0.08%.

In other news, insider David Rugg acquired 6,000 shares of the stock in a transaction dated Tuesday, May 17th. The shares were bought at an average cost of GBX 114 ($1.38) per share, for a total transaction of £6,840 ($8,301.98).

About Christie Group (LON:CTG)

Christie Group plc, together with its subsidiaries, provides professional services for the hospitality, leisure, healthcare, medical, childcare, and retail sectors in Europe and internationally. It operates in three segments: Professional & Financial Services; Stock & Inventory Systems & Services; and Other.

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