Dowlais Group (LON:DWL) Hits New 52-Week Low – Here’s What Happened

Dowlais Group plc (LON:DWL)’s stock price hit a new 52-week low during mid-day trading on Friday . The company traded as low as GBX 50.75 ($0.66) and last traded at GBX 51.55 ($0.67), with a volume of 6956598 shares changing hands. The stock had previously closed at GBX 54.40 ($0.71).

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently commented on the stock. Jefferies Financial Group dropped their price objective on shares of Dowlais Group from GBX 135 ($1.77) to GBX 110 ($1.44) and set a “buy” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. dropped their price target on shares of Dowlais Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a “neutral” rating on the stock in a research report on Monday, July 1st.

Dowlais Group Stock Down 5.2 %

The business has a 50-day simple moving average of GBX 60.83 and a 200-day simple moving average of GBX 69.61. The company has a market cap of £701.08 million and a PE ratio of -143.43.

Dowlais Group Cuts Dividend

The firm also recently announced a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, August 29th were given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 2.28%. Dowlais Group’s dividend payout ratio (DPR) is -1,081.08%.

Insider Activity at Dowlais Group

In related news, insider Roberto Fioroni bought 83,925 shares of the business’s stock in a transaction dated Tuesday, August 13th. The stock was acquired at an average price of GBX 59 ($0.77) per share, with a total value of £49,515.75 ($64,802.71). 1.78% of the stock is owned by corporate insiders.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.