Duke Royalty (LON:DUKE) Stock Crosses Below 50 Day Moving Average of $31.82

Duke Royalty Limited (LON:DUKEGet Rating) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 31.82 ($0.37) and traded as low as GBX 30.50 ($0.35). Duke Royalty shares last traded at GBX 31.50 ($0.36), with a volume of 129,622 shares.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “buy” rating on shares of Duke Royalty in a research note on Thursday, September 8th.

Duke Royalty Stock Up 1.3 %

The company has a debt-to-equity ratio of 36.18, a current ratio of 26.74 and a quick ratio of 25.72. The company has a 50 day moving average of GBX 31.82 and a 200-day moving average of GBX 33.96. The company has a market capitalization of £132.15 million and a P/E ratio of 527.50.

Duke Royalty Dividend Announcement

The business also recently disclosed a dividend, which was paid on Wednesday, October 12th. Shareholders of record on Thursday, September 29th were issued a GBX 0.70 ($0.01) dividend. The ex-dividend date was Thursday, September 29th. This represents a yield of 2.04%. Duke Royalty’s dividend payout ratio (DPR) is presently 40.00%.

About Duke Royalty

(Get Rating)

Duke Royalty Limited is a principal investment firm specializing in royalty financing. The firm It does not invest in start-ups or tight margin business models. It focuses on intellectual property assets and stable, cash flowing businesses with positive EBITDA, no debt or low levels of debt, and management desire to continue with the business.

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