Cairn Homes (LON:CRN) Stock Crosses Above 50-Day Moving Average – Should You Sell?

Shares of Cairn Homes plc (LON:CRN) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 166.35 ($2.25) and traded as high as GBX 183.40 ($2.48). Cairn Homes shares last traded at GBX 181.40 ($2.46), with a volume of 313,076 shares.

Cairn Homes Stock Performance

The firm has a fifty day simple moving average of GBX 166.35 and a 200-day simple moving average of GBX 176.55. The company has a quick ratio of 0.22, a current ratio of 9.29 and a debt-to-equity ratio of 39.97. The company has a market cap of £1.35 billion, a PE ratio of 12.69 and a beta of 1.12.

Cairn Homes Increases Dividend

The company also recently declared a dividend, which was paid on Friday, May 16th. Investors of record on Thursday, April 24th were paid a dividend of €0.04 ($0.05) per share. This represents a yield of 2.16%. The ex-dividend date of this dividend was Thursday, April 24th. This is an increase from Cairn Homes’s previous dividend of $0.04. Cairn Homes’s dividend payout ratio (DPR) is currently 41.97%.

About Cairn Homes

Cairn Homes plc, a holding company, operates as a home and community builder in Ireland. The company engages in the development and sale of residential properties, as well as rental of properties. It also provides financial services. Cairn Homes plc was incorporated in 2014 and is based in Dublin, Ireland.