Bisichi (LON:BISI) Shares Pass Below 50-Day Moving Average – What’s Next?

Bisichi PLC (LON:BISI) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 110.30 ($1.35) and traded as low as GBX 100.50 ($1.23). Bisichi shares last traded at GBX 100.50 ($1.23), with a volume of 27 shares.

Bisichi Stock Performance

The stock has a market capitalization of £10.73 million, a PE ratio of 418.75 and a beta of -0.10. The business has a 50 day moving average price of GBX 110.30 and a 200 day moving average price of GBX 102.16. The company has a debt-to-equity ratio of 18.02, a current ratio of 0.59 and a quick ratio of 1.03.

Bisichi Cuts Dividend

The business also recently announced a dividend, which will be paid on Friday, February 7th. Stockholders of record on Thursday, January 9th will be paid a GBX 3 ($0.04) dividend. The ex-dividend date is Thursday, January 9th. This represents a dividend yield of 2.61%. Bisichi’s dividend payout ratio is currently 2,916.67%.

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.