Shares of Van Elle Holdings PLC (LON:VANL) dropped 1.2% on Wednesday . The company traded as low as GBX 39 ($0.51) and last traded at GBX 40 ($0.52), approximately 4,246 shares changed hands during mid-day trading. A decline of 95% from the average daily volume of 82,203 shares. The stock had previously closed at GBX 40.50 ($0.53).

Separately, Peel Hunt downgraded Van Elle to a “hold” rating and cut their price objective for the company from GBX 60 ($0.78) to GBX 40 ($0.52) in a research note on Friday, July 19th.

The company’s 50 day moving average is GBX 44.03. The company has a quick ratio of 1.34, a current ratio of 1.47 and a debt-to-equity ratio of 29.07. The company has a market capitalization of $33.60 million and a price-to-earnings ratio of 10.00.

The business also recently disclosed a dividend, which will be paid on Friday, September 27th. Investors of record on Thursday, September 5th will be paid a GBX 1 ($0.01) dividend. This represents a dividend yield of 2.7%. The ex-dividend date of this dividend is Thursday, September 5th. Van Elle’s payout ratio is 0.50%.

Van Elle Company Profile (LON:VANL)

Van Elle Holdings plc, together with its subsidiaries, provides ground engineering services in the United Kingdom. The company offers a range of services, such as auger displacement piling, cased continuous flight auger piling, continuous flight auger piling, design, drilled piling, drilling and grouting, driven piling, foundation testing, ground investigation, rail sheet piling, specialist piling, rock bolt and netting, rotary bored piling, screw piling, and precast modular foundation services, as well as precast modular signal, gantry, and OLE foundation services; specialist on-track rail, restricted access, and highway GI Services; and services in the areas of geothermal boreholes, and ground anchors and soil nails.

Read More: What is a price target?

Receive News & Ratings for Van Elle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Van Elle and related companies with MarketBeat.com's FREE daily email newsletter.