Brompton Split Banc (TSE:SBC) Stock Price Passes Below 50-Day Moving Average – Here’s Why

Brompton Split Banc Corp. (TSE:SBCGet Free Report) passed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of C$13.51 and traded as low as C$11.98. Brompton Split Banc shares last traded at C$12.05, with a volume of 74,564 shares trading hands.

Brompton Split Banc Stock Down 1.7%

The company has a quick ratio of 1.94, a current ratio of 0.31 and a debt-to-equity ratio of 85.65. The company has a market cap of C$390.88 million, a P/E ratio of 3.30 and a beta of 1.75. The company has a fifty day moving average of C$13.51 and a 200 day moving average of C$12.86.

About Brompton Split Banc

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The investment objectives for the Preferred Shares are to provide their holders with fixed cumulative preferential quarterly cash distributions and to return the original issue price to holders of Preferred Shares on the Maturity Date. The investment objectives for the Class A Shares are to provide their holders with regular monthly cash distributions targeted to be at least $0.10 per Class A Share representing a yield on the issue price of the Class A Shares offered hereunder of 13.2% per annum and to provide holders of Class A Shares with the opportunity for growth in NAV per Class A Share…

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