Imperial Brands (LON:IMB) Stock Crosses Below Fifty Day Moving Average – Time to Sell?

Imperial Brands PLC (LON:IMB)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 2,733.44 ($35.29) and traded as low as GBX 2,708.49 ($34.97). Imperial Brands shares last traded at GBX 2,734 ($35.30), with a volume of 5,720,655 shares traded.

Imperial Brands Trading Up 0.5 %

The company has a market capitalization of £22.95 billion, a price-to-earnings ratio of 11.58, a P/E/G ratio of 16.51 and a beta of 0.42. The company has a debt-to-equity ratio of 166.91, a quick ratio of 0.41 and a current ratio of 0.72. The business’s 50-day simple moving average is GBX 2,733.44 and its 200-day simple moving average is GBX 2,496.59.

Imperial Brands Increases Dividend

The firm also recently announced a dividend, which will be paid on Monday, March 31st. Shareholders of record on Thursday, February 20th will be issued a dividend of GBX 54.26 ($0.70) per share. This represents a yield of 2.43%. The ex-dividend date of this dividend is Thursday, February 20th. This is a positive change from Imperial Brands’s previous dividend of $22.45. Imperial Brands’s payout ratio is currently 64.80%.

Insider Activity

In related news, insider Stefan Bomhard sold 112,183 shares of the stock in a transaction that occurred on Monday, February 17th. The shares were sold at an average price of GBX 2,788 ($36.00), for a total value of £3,127,662.04 ($4,038,298.31). Also, insider Jon Stanton bought 398,802 shares of the stock in a transaction on Monday, January 6th. The stock was purchased at an average cost of GBX 2,597 ($33.53) per share, with a total value of £10,356,887.94 ($13,372,353.70). 7.33% of the stock is currently owned by company insiders.

About Imperial Brands

We are Imperial Brands, a global consumer-focused organisation and the fourth largest international tobacco company.

We’re driven by our purpose: to forge a path to a healthier future for moments of relaxation and pleasure. The world’s one billion adult smokers are seeking new and potentially less harmful products and we are committed to meeting their diverse and evolving needs.