Imperial Brands (LON:IMB) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Imperial Brands PLC (LON:IMB)’s stock price passed 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 trading hands.

Imperial Brands Stock Up 0.5 %

The stock has a market capitalization of £22.95 billion, a price-to-earnings ratio of 11.58, a price-to-earnings-growth ratio of 16.51 and a beta of 0.42. The firm has a 50 day simple moving average of GBX 2,733.44 and a 200-day simple moving average of GBX 2,496.59. The company has a debt-to-equity ratio of 166.91, a current ratio of 0.72 and a quick ratio of 0.41.

Imperial Brands Increases Dividend

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

Insider Buying and Selling at Imperial Brands

In other Imperial Brands news, insider Stefan Bomhard sold 112,183 shares of the business’s stock in a transaction on Monday, February 17th. The stock was 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 Alan Johnson bought 1,397 shares of the stock in a transaction dated Tuesday, February 11th. The stock was acquired at an average price of GBX 2,862 ($36.95) per share, with a total value of £39,982.14 ($51,623.16). Company insiders own 7.33% of the company’s stock.

Imperial Brands Company Profile

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.