De La Rue (LON:DLAR) Stock Passes Below 50 Day Moving Average of $356.54

De La Rue plc (LON:DLAR)’s share price crossed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of $356.54 and traded as low as $303.00. De La Rue shares last traded at $305.00, with a volume of 101,403 shares traded.

Separately, JPMorgan Chase & Co. lowered shares of De La Rue to a “neutral” rating and decreased their price target for the stock from GBX 600 ($7.84) to GBX 515 ($6.73) in a research note on Wednesday, May 15th.

The stock has a market cap of $316.72 million and a price-to-earnings ratio of 18.48. The stock’s 50 day moving average price is GBX 354.04.

The company also recently disclosed a dividend, which will be paid on Friday, August 2nd. Shareholders of record on Thursday, July 4th will be paid a dividend of GBX 16.70 ($0.22) per share. This is a positive change from De La Rue’s previous dividend of $8.30. This represents a yield of 5.53%. The ex-dividend date is Thursday, July 4th. De La Rue’s dividend payout ratio (DPR) is currently 1.52%.

About De La Rue (LON:DLAR)

De La Rue plc primarily operates as a commercial producer of currency worldwide. It operates through three segments: Currency, Identity Solutions, and Product Authentication and Traceability. The Currency segment provides printed banknotes, banknote paper and polymer substrates, and banknote security components.

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