Dowlais Group (LON:DWL) Stock Price Up 0.7% – Should You Buy?

Dowlais Group plc (LON:DWL)’s stock price shot up 0.7% during mid-day trading on Tuesday . The stock traded as high as GBX 62.10 ($0.80) and last traded at GBX 60.85 ($0.79). 5,518,808 shares were traded during trading, a decline of 55% from the average session volume of 12,160,236 shares. The stock had previously closed at GBX 60.45 ($0.78).

Dowlais Group Stock Up 0.7 %

The firm has a market capitalization of £822.88 million and a PE ratio of -1.60. The company has a 50-day moving average of GBX 68.13 and a 200 day moving average of GBX 62.09.

Dowlais Group (LON:DWL) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 11.40 ($0.15) EPS for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. As a group, equities analysts anticipate that Dowlais Group plc will post 13.5660848 EPS for the current fiscal year.

Dowlais Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, April 17th will be paid a GBX 2.80 ($0.04) dividend. This represents a yield of 4.27%. The ex-dividend date is Thursday, April 17th. This is a boost from Dowlais Group’s previous dividend of $1.40. Dowlais Group’s payout ratio is currently -10.52%.

Insider Activity

In other news, insider Liam Butterworth acquired 86,532 shares of the business’s stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of GBX 67 ($0.87) per share, for a total transaction of £57,976.44 ($74,953.38). Corporate insiders own 1.78% of the company’s stock.

About Dowlais Group

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.