Appreciate Group (LON:APP) Stock Price Up 1.1%

Appreciate Group plc (LON:APPGet Rating)’s stock price was up 1.1% during mid-day trading on Friday . The company traded as high as GBX 28.90 ($0.35) and last traded at GBX 28.45 ($0.35). Approximately 405,832 shares traded hands during mid-day trading, an increase of 51% from the average daily volume of 267,961 shares. The stock had previously closed at GBX 28.15 ($0.34).

Appreciate Group Stock Performance

The stock’s 50 day moving average price is GBX 28 and its 200 day moving average price is GBX 26.05. The company has a current ratio of 1.05, a quick ratio of 0.22 and a debt-to-equity ratio of 28.58. The company has a market cap of £53.02 million and a price-to-earnings ratio of 1,422.50.

Appreciate Group Increases Dividend

The business also recently announced a dividend, which will be paid on Monday, October 3rd. Investors of record on Thursday, August 25th will be issued a GBX 1.20 ($0.01) dividend. This represents a yield of 4.29%. This is an increase from Appreciate Group’s previous dividend of $0.60. The ex-dividend date of this dividend is Thursday, August 25th. Appreciate Group’s payout ratio is presently 60.00%.

Insider Activity at Appreciate Group

In related news, insider Guy Paul C. Parsons bought 26,455 shares of the stock in a transaction that occurred on Thursday, July 14th. The stock was purchased at an average cost of GBX 27 ($0.33) per share, for a total transaction of £7,142.85 ($8,752.42).

About Appreciate Group

(Get Rating)

Appreciate Group plc, together with its subsidiaries, operates as a prepayment, gifting, and engagement company for corporate and consumer markets in the United Kingdom. The company offers Love2shop Gift Card, a pre-paid gift card; Love2shop Gift Voucher, a multi-retailer voucher; Love2shop Holidays, a travel agency; single store gift cards and vouchers, as well as operates, an online voucher site; and corporate gift card that offers a range of VIP experiences and group travel deals for corporate customers.

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