Bisichi (LON:BISI) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Bisichi PLC (LON:BISI) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 100.13 ($1.30) and traded as low as GBX 87.50 ($1.13). Bisichi shares last traded at GBX 90 ($1.17), with a volume of 10,000 shares traded.

Bisichi Price Performance

The company has a quick ratio of 1.03, a current ratio of 0.59 and a debt-to-equity ratio of 19.85. The stock has a market capitalization of £9.66 million, a PE ratio of 3.78 and a beta of -0.10. The company has a 50-day moving average of GBX 100.13 and a 200 day moving average of GBX 107.40.

Bisichi Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, February 7th. Investors of record on Thursday, January 9th were given a dividend of GBX 3 ($0.04) per share. This represents a dividend yield of 2.61%. The ex-dividend date of this dividend was Thursday, January 9th. Bisichi’s payout ratio is 29.39%.

About Bisichi

Bisichi PLC engages in the coal mining and processing activities in South Africa. The company owns an interest in the Black Wattle Colliery, a coal mining and washing operation located in Mpumulanga, South Africa. It is also involved in the retail property investment and residential property development activities in the United Kingdom, as well as share dealing business.