Van Elle’s (VANL) “Hold” Rating Reaffirmed at Peel Hunt

Peel Hunt reaffirmed their hold rating on shares of Van Elle (LON:VANL) in a research note released on Tuesday, ThisIsMoney.Co.Uk reports.

LON VANL opened at GBX 42 ($0.55) on Tuesday. The company has a current ratio of 1.47, a quick ratio of 1.34 and a debt-to-equity ratio of 29.07. The firm has a market capitalization of $33.60 million and a price-to-earnings ratio of 10.50. The firm’s 50 day simple moving average is GBX 41.59 and its 200 day simple moving average is GBX 51.90. Van Elle has a 1 year low of GBX 33 ($0.43) and a 1 year high of GBX 95 ($1.24).

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

About Van Elle

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.

Further Reading: Understanding Average Daily Trade Volume

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