TWC Enterprises (TSE:TWC) Stock Passes Below 50 Day Moving Average – Here’s What Happened

Shares of TWC Enterprises Limited (TSE:TWC) crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$23.85 and traded as low as C$22.80. TWC Enterprises shares last traded at C$22.80, with a volume of 1,002 shares trading hands.

TWC Enterprises Price Performance

The stock has a market capitalization of C$531.72 million, a price-to-earnings ratio of 15.38 and a beta of 0.37. The company has a debt-to-equity ratio of 6.47, a quick ratio of 1.61 and a current ratio of 4.52. The company has a fifty day simple moving average of C$23.84 and a two-hundred day simple moving average of C$23.42.

TWC Enterprises (TSE:TWC) last posted its quarterly earnings results on Monday, November 3rd. The company reported C$0.70 earnings per share (EPS) for the quarter. TWC Enterprises had a net margin of 18.78% and a return on equity of 9.23%. The business had revenue of C$78.22 million for the quarter.

TWC Enterprises Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 15th. Stockholders of record on Monday, December 15th were paid a $0.09 dividend. This represents a $0.36 dividend on an annualized basis and a dividend yield of 1.6%. The ex-dividend date was Monday, December 1st. TWC Enterprises’s dividend payout ratio (DPR) is presently 24.13%.

TWC Enterprises Company Profile

TWC Enterprises Ltd is a leisure services provider in Canada. Its core business is Golf club operations under the brand name ClubLink One Membership More Golf. The company’s geographical segment includes Canadian golf club operation and US golf club operation. It generates maximum revenue from the Canadian golf club operation segment.