Mattioli Woods (LON:MTW) Shares Pass Below 200 Day Moving Average of $715.04

Mattioli Woods plc (LON:MTWGet Rating) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 715.04 ($8.64) and traded as low as GBX 650 ($7.85). Mattioli Woods shares last traded at GBX 665 ($8.04), with a volume of 15,295 shares.

Analyst Ratings Changes

MTW has been the topic of several recent analyst reports. Shore Capital reiterated a “buy” rating on shares of Mattioli Woods in a research note on Tuesday, September 13th. Berenberg Bank reaffirmed a “buy” rating and set a GBX 970 ($11.72) target price on shares of Mattioli Woods in a research note on Wednesday, September 14th.

Mattioli Woods Price Performance

The company has a quick ratio of 1.94, a current ratio of 2.01 and a debt-to-equity ratio of 1.63. The firm’s fifty day moving average price is GBX 669.80 and its two-hundred day moving average price is GBX 714.36. The stock has a market capitalization of £317.67 million and a PE ratio of 7,936.88.

Mattioli Woods Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, November 3rd. Shareholders of record on Thursday, September 22nd will be given a GBX 17.80 ($0.22) dividend. This is a positive change from Mattioli Woods’s previous dividend of $8.30. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 22nd. Mattioli Woods’s dividend payout ratio is presently 262.50%.

Mattioli Woods Company Profile

(Get Rating)

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Management, and Employee Benefits segments. The company offers self-invested personal pension and small self-administered pension schemes; alternative investment; and employee engagement, defined contribution and defined benefit pension schemes, workplace savings, healthcare, international benefits, and risk solutions, as well as total reward and flexible benefit systems.

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