SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) Trading Down 0.3% – Should You Sell?

Shares of SWK Holdings Co. 9.00% Senior Notes due 2027 (NASDAQ:SWKHL) fell 0.3% during trading on Thursday . The stock traded as low as $25.28 and last traded at $25.3640. 4,250 shares were traded during trading, an increase of 17% from the average daily volume of 3,618 shares. The stock had previously closed at $25.43.

SWK Holdings Co. 9.00% Senior Notes due 2027 Stock Down 0.3%

The firm’s 50 day simple moving average is $25.35 and its two-hundred day simple moving average is $25.46.

SWK Holdings Co. 9.00% Senior Notes due 2027 Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Monday, June 15th were given a $0.5625 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.25 annualized dividend and a yield of 8.9%.

SWK Holdings Company is the indirect parent of Formica Corporation and related surfacing businesses. The company’s primary business activities center on the design, manufacturing and distribution of decorative surfacing materials for residential, commercial and industrial applications. Its product lines include high-pressure laminate, engineered quartz and solid surface sheets used in countertops, wall panels and furniture surfaces.

Under brands such as Formica® and Resopal®, SWK Holdings serves cabinet, furniture and flooring manufacturers, as well as commercial distributors.