J D Wetherspoon (LON:JDW) Trading Down 7.3% – Should You Sell?

J D Wetherspoon plc (LON:JDW)’s stock price dropped 7.3% during mid-day trading on Friday . The company traded as low as GBX 528 ($6.82) and last traded at GBX 553.50 ($7.15). Approximately 135,654 shares were traded during trading, a decline of 86% from the average daily volume of 979,013 shares. The stock had previously closed at GBX 597 ($7.71).

Wall Street Analysts Forecast Growth

Separately, Shore Capital reissued a “hold” rating on shares of J D Wetherspoon in a research note on Friday.

J D Wetherspoon Stock Down 9.4 %

The firm has a market cap of £634.65 million, a P/E ratio of 13.77, a P/E/G ratio of 3.39 and a beta of 1.34. The business’s fifty day moving average price is GBX 599.65 and its two-hundred day moving average price is GBX 637.51. The company has a current ratio of 0.35, a quick ratio of 0.19 and a debt-to-equity ratio of 283.19.

J D Wetherspoon Cuts Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 30th. Stockholders of record on Thursday, May 1st will be issued a dividend of GBX 4 ($0.05) per share. The ex-dividend date is Thursday, May 1st. This represents a dividend yield of 0.67%. J D Wetherspoon’s dividend payout ratio is currently 30.53%.

About J D Wetherspoon

J D Wetherspoon plc owns and operates pubs and hotels in the United Kingdom and the Republic of Ireland. The company was founded in 1979 and is based in Watford, the United Kingdom.