Duke Capital (LON:DUKE) Stock Crosses Below Fifty Day Moving Average of $31.91

Shares of Duke Capital Limited (LON:DUKE) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 31.91 ($0.39) and traded as low as GBX 31 ($0.38). Duke Capital shares last traded at GBX 31 ($0.38), with a volume of 847,497 shares trading hands.

Analysts Set New Price Targets

DUKE has been the subject of a number of recent research reports. Canaccord Genuity Group reiterated a “buy” rating and issued a GBX 55 ($0.68) price objective on shares of Duke Capital in a report on Thursday, March 28th. Shore Capital reiterated a “buy” rating on shares of Duke Capital in a report on Monday, April 15th.

Duke Capital Price Performance

The stock’s fifty day moving average price is GBX 31.91 and its 200-day moving average price is GBX 31.93. The firm has a market cap of £129.49 million, a price-to-earnings ratio of 1,033.33 and a beta of 1.33. The company has a current ratio of 30.04, a quick ratio of 15.36 and a debt-to-equity ratio of 36.85.

Duke Capital Dividend Announcement

The company also recently declared a dividend, which was paid on Friday, April 12th. Stockholders of record on Thursday, March 28th were issued a dividend of GBX 0.70 ($0.01) per share. The ex-dividend date was Thursday, March 28th. This represents a dividend yield of 2.11%. Duke Capital’s dividend payout ratio is currently 10,000.00%.

About Duke Capital

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.