Imperial Brands (LON:IMB) Stock Crosses Below Fifty Day Moving Average of $1,768.91

Shares of Imperial Brands PLC (LON:IMB) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 1,768.91 ($22.39) and traded as low as GBX 1,676.50 ($21.22). Imperial Brands shares last traded at GBX 1,706.50 ($21.60), with a volume of 1,755,240 shares traded.

Imperial Brands Stock Down 0.3 %

The firm has a market capitalization of £14.76 billion, a PE ratio of 688.10, a PEG ratio of 16.39 and a beta of 0.42. The company has a fifty day simple moving average of GBX 1,768.91 and a two-hundred day simple moving average of GBX 1,789.71. The company has a debt-to-equity ratio of 157.30, a quick ratio of 0.41 and a current ratio of 0.72.

Imperial Brands Increases Dividend

The company also recently announced a dividend, which was paid on Thursday, March 28th. Shareholders of record on Thursday, February 15th were issued a GBX 51.82 ($0.66) dividend. This represents a dividend yield of 2.9%. This is a boost from Imperial Brands’s previous dividend of $21.59. The ex-dividend date was Thursday, February 15th. Imperial Brands’s dividend payout ratio is currently 5,927.42%.

Insiders Place Their Bets

In other Imperial Brands news, insider Stefan Bomhard sold 140,219 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of GBX 1,843 ($23.33), for a total value of £2,584,236.17 ($3,270,771.00). In related news, insider Stefan Bomhard sold 140,219 shares of the company’s stock in a transaction on Friday, February 16th. The stock was sold at an average price of GBX 1,843 ($23.33), for a total transaction of £2,584,236.17 ($3,270,771.00). Also, insider Lukas Paravicini sold 57,407 shares of the company’s stock in a transaction on Tuesday, February 20th. The stock was sold at an average price of GBX 1,825 ($23.10), for a total value of £1,047,677.75 ($1,326,006.52). Company insiders own 7.16% of the company’s stock.

About Imperial Brands

Imperial Brands PLC, together with its subsidiaries, manufactures, imports, markets, and sells tobacco and tobacco-related products in Europe, the Americas, Africa, Asia, and Australasia. It offers a range of cigarettes, tobacco accessories, vapour, heated tobacco, and oral nicotine. The company sells its products under various brands, including JPS, Davidoff, Gauloises, West, Winston, Kool, Lambert & Butler, Fortuna, Nobel, News, Backwoods, Champion, Golden Virginia, Rizla, Blu, Pulze, Skruf, and Zone X.