Morgan Sindall Group (LON:MGNS) Reaches New 1-Year High – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS) shares hit a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 3,220 ($42.14) and last traded at GBX 3,100 ($40.57), with a volume of 166972 shares traded. The stock had previously closed at GBX 3,130 ($40.96).

Morgan Sindall Group Trading Up 1.1 %

The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The business’s fifty day simple moving average is GBX 2,968 and its 200 day simple moving average is GBX 2,649.27. The stock has a market cap of £1.47 billion, a price-to-earnings ratio of 1,183.21, a P/E/G ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 3rd will be given a dividend of GBX 41.50 ($0.54) per share. This represents a dividend yield of 1.5%. The ex-dividend date of this dividend is Thursday, October 3rd. Morgan Sindall Group’s dividend payout ratio is presently 4,580.15%.

Insider Buying and Selling

In related news, insider Kelly Gangotra bought 975 shares of the stock in a transaction dated Friday, September 27th. The stock was bought at an average cost of GBX 3,030 ($39.65) per share, with a total value of £29,542.50 ($38,663.13). 11.05% of the stock is owned by company insiders.

About Morgan Sindall Group

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through six segments: Construction, Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration. The Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets.