Harworth Group (LON:HWG) Stock Crosses Above 50-Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 176.25 ($2.29) and traded as high as GBX 185 ($2.40). Harworth Group shares last traded at GBX 181.50 ($2.36), with a volume of 191,464 shares.

Harworth Group Stock Performance

The stock has a 50 day moving average price of GBX 177.14 and a two-hundred day moving average price of GBX 158.37. The company has a market cap of £594.26 million, a P/E ratio of 1,224.08 and a beta of 0.74. The company has a quick ratio of 1.13, a current ratio of 2.59 and a debt-to-equity ratio of 13.88.

Harworth Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, October 24th. Shareholders of record on Thursday, September 19th were paid a GBX 0.49 ($0.01) dividend. This represents a yield of 0.29%. The ex-dividend date was Thursday, September 19th. Harworth Group’s dividend payout ratio (DPR) is 1,333.33%.

Insiders Place Their Bets

In other Harworth Group news, insider Lynda Shillaw purchased 11,245 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of GBX 178 ($2.31) per share, for a total transaction of £20,016.10 ($25,988.18). In related news, insider Chris Birch sold 11,804 shares of the stock in a transaction that occurred on Tuesday, October 1st. The shares were sold at an average price of GBX 191 ($2.48), for a total transaction of £22,545.64 ($29,272.45). Also, insider Lynda Shillaw acquired 11,245 shares of the firm’s stock in a transaction that occurred on Friday, September 13th. The stock was purchased at an average cost of GBX 178 ($2.31) per share, for a total transaction of £20,016.10 ($25,988.18). Insiders have acquired a total of 11,501 shares of company stock worth $2,046,618 in the last quarter. Corporate insiders own 53.39% of the company’s stock.

About Harworth Group

Harworth Group plc operates as a land and property regeneration company in the North of England and the Midlands. The company operates through Income Generation and Capital Growth segments. The Income Generation segment focuses on generating rental returns from the investment portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income-generating streams from recycled aggregates and secondary coal products.