James Latham (LON:LTHM) Reaches New 1-Year Low – Here’s Why

James Latham plc (LON:LTHM)’s stock price reached a new 52-week low on Tuesday . The stock traded as low as GBX 1,000 ($12.92) and last traded at GBX 1,006 ($13.00), with a volume of 15964 shares changing hands. The stock had previously closed at GBX 1,035 ($13.37).

James Latham Stock Performance

The firm has a market capitalization of £198.73 million, a price-to-earnings ratio of 8.86 and a beta of 0.83. The company has a quick ratio of 2.52, a current ratio of 5.43 and a debt-to-equity ratio of 4.03. The stock’s fifty day moving average is GBX 1,096.88 and its two-hundred day moving average is GBX 1,220.22.

James Latham Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 24th. Shareholders of record on Thursday, January 2nd were issued a GBX 7.95 ($0.10) dividend. The ex-dividend date was Thursday, January 2nd. This represents a dividend yield of 0.62%. James Latham’s dividend payout ratio is currently 29.95%.

James Latham Company Profile

James Latham plc, together with its subsidiaries, engages in the importing and distribution of timber, panels, and decorative surfaces in the United Kingdom, the Republic of Ireland, rest of Europe, and internationally. The company offers panels, melamine, veneer, laminates, washroom collection, solid surface products, door blanks, plastics, hardwoods, engineered timber products, softwoods, flooring products, decking and timber cladding products, modified timbers and panels, fire retardant panels, advanced technical panels, and treatments, as well as architectural moldings and components.