Mattioli Woods (LON:MTW) Shares Pass Above Fifty Day Moving Average of $773.27

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Mattioli Woods plc (LON:MTW)’s stock price crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $773.27 and traded as high as $738.98. Mattioli Woods shares last traded at $733.00, with a volume of 977 shares changing hands.

A number of equities analysts have recently weighed in on the company. Canaccord Genuity dropped their target price on Mattioli Woods from GBX 849 ($11.09) to GBX 822 ($10.74) and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Shore Capital restated a “buy” rating on shares of Mattioli Woods in a report on Tuesday, September 3rd.

The business’s 50 day simple moving average is GBX 773.27 and its 200-day simple moving average is GBX 782.20. The company has a market cap of $196.40 million and a price-to-earnings ratio of 23.63.

The business also recently declared a dividend, which will be paid on Friday, October 25th. Stockholders of record on Thursday, September 12th will be issued a dividend of GBX 13.67 ($0.18) per share. This is a boost from Mattioli Woods’s previous dividend of $6.33. This represents a dividend yield of 1.84%. The ex-dividend date of this dividend is Thursday, September 12th. Mattioli Woods’s payout ratio is currently 0.58%.

About Mattioli Woods (LON:MTW)

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Management, and Employee Benefits segments. The company offers financial planning services, such as wealth building, trust planning, inheritance tax and estate planning, exit planning, and executive financial counselling services; investment products and services to support client strategies, as well as strategic planning and advisory services; and self-invested personal and small self-administered pension schemes, and trustee services.

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