Harworth Group (LON:HWG) Stock Price Crosses Below Two Hundred Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG) crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 171.67 ($2.21) and traded as low as GBX 162.50 ($2.10). Harworth Group shares last traded at GBX 168.50 ($2.17), with a volume of 212,403 shares trading hands.

Harworth Group Trading Down 3.2 %

The company has a fifty day moving average price of GBX 166.54 and a 200-day moving average price of GBX 171.67. The firm has a market cap of £554.74 million, a price-to-earnings ratio of 11.11 and a beta of 0.74. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 13.88.

Harworth Group (LON:HWG) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 17.70 ($0.23) earnings per share (EPS) for the quarter. Harworth Group had a net margin of 52.25% and a return on equity of 7.75%. As a group, research analysts expect that Harworth Group plc will post 15.3212521 EPS for the current year.

Harworth Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Friday, May 23rd. Shareholders of record on Thursday, April 24th will be paid a GBX 1.13 ($0.01) dividend. This represents a yield of 0.65%. The ex-dividend date of this dividend is Thursday, April 24th. This is an increase from Harworth Group’s previous dividend of $0.49. Harworth Group’s dividend payout ratio is currently 13.18%.

Insider Buying and Selling

In related news, insider Katerina Patmore bought 6,310 shares of the stock in a transaction on Thursday, March 20th. The shares were bought at an average cost of GBX 170 ($2.19) per share, for a total transaction of £10,727 ($13,837.72). Also, insider Lynda Shillaw bought 17,291 shares of Harworth Group stock in a transaction dated Tuesday, March 18th. The stock was purchased at an average price of GBX 174 ($2.24) per share, with a total value of £30,086.34 ($38,811.07). Insiders have bought 23,783 shares of company stock worth $4,111,273 in the last quarter. 53.39% of the stock is owned by insiders.

About Harworth Group

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments.