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

Harworth Group plc (LON:HWG) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 165.77 ($2.15) and traded as high as GBX 171 ($2.21). Harworth Group shares last traded at GBX 171 ($2.21), with a volume of 1,706,629 shares changing hands.

Harworth Group Stock Performance

The firm has a fifty day simple moving average of GBX 165.83 and a 200 day simple moving average of GBX 171.63. The company has a debt-to-equity ratio of 13.88, a current ratio of 2.59 and a quick ratio of 1.13. The company has a market cap of £571.20 million, a price-to-earnings ratio of 11.44 and a beta of 0.74.

Harworth Group (LON:HWG) last posted its earnings results 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%. On average, sell-side analysts expect that Harworth Group plc will post 15.3212521 earnings per share for the current fiscal year.

Harworth Group Increases Dividend

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

Insiders Place Their Bets

In other Harworth Group news, insider Katerina Patmore purchased 6,310 shares of the stock in a transaction on Thursday, March 20th. The shares were purchased at an average price of GBX 170 ($2.20) per share, with a total value of £10,727 ($13,884.29). Also, insider Lynda Shillaw acquired 17,291 shares of the company’s stock in a transaction dated Tuesday, March 18th. The stock was acquired at an average price of GBX 174 ($2.25) per share, with a total value of £30,086.34 ($38,941.68). Insiders have acquired a total of 23,783 shares of company stock valued at $4,111,273 in the last three months. Company insiders own 53.39% of the company’s stock.

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.