Travis Perkins (OTCMKTS:TPRKY) Trading Down 1% – Should You Sell?

Shares of Travis Perkins PLC (OTCMKTS:TPRKY) were down 1% during mid-day trading on Thursday . The stock traded as low as $8.24 and last traded at $8.26. Approximately 6,870 shares traded hands during mid-day trading, an increase of 124% from the average daily volume of 3,069 shares. The stock had previously closed at $8.34.

Analysts Set New Price Targets

Separately, Peel Hunt upgraded Travis Perkins from a “moderate buy” rating to a “strong-buy” rating in a research note on Thursday, April 3rd.

Travis Perkins Stock Down 1.0%

The firm has a fifty day moving average of $8.02 and a 200 day moving average of $8.21. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.68 and a quick ratio of 1.02.

Travis Perkins Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, June 5th. Stockholders of record on Wednesday, April 23rd were issued a dividend of $0.1165 per share. This represents a dividend yield of 2.65%. The ex-dividend date was Tuesday, April 22nd. This is an increase from Travis Perkins’s previous dividend of $0.07.

About Travis Perkins

Travis Perkins plc engages in distribution of building material products in the United Kingdom. It operates through Merchanting and Toolstation segments. The company offers tools and building supplies. It also distributes pipeline products, as well as supplies managed services, and commercial and industrial heating and cooling solutions.