Duke Royalty (LON:DUKE) Share Price Passes Below 50 Day Moving Average of $38.52

Duke Royalty Limited (LON:DUKE – Get Rating) shares crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 38.52 ($0.47) and traded as low as GBX 35.25 ($0.43). Duke Royalty shares last traded at GBX 36 ($0.44), with a volume of 630,731 shares changing hands.

DUKE has been the subject of a number of research analyst reports. Canaccord Genuity Group reiterated a “buy” rating and set a GBX 53 ($0.64) price objective on shares of Duke Royalty in a report on Monday, April 11th. Shore Capital reissued a “buy” rating on shares of Duke Royalty in a research report on Wednesday, May 11th.

The company has a current ratio of 24.90, a quick ratio of 24.43 and a debt-to-equity ratio of 8.04. The stock has a market capitalization of £128.34 million and a price-to-earnings ratio of 6.45. The stock has a 50-day moving average price of GBX 38.43 and a 200 day moving average price of GBX 40.04.

About Duke Royalty (LON:DUKE)

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.

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