Costain Group (LON:COST) Stock Passes Above 200 Day Moving Average – What’s Next?

Costain Group PLC (LON:COST)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 103.37 ($1.34) and traded as high as GBX 108 ($1.40). Costain Group shares last traded at GBX 106 ($1.37), with a volume of 4,226,669 shares.

Costain Group Stock Performance

The firm has a market cap of £286.60 million, a P/E ratio of 9.55, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The stock’s 50-day moving average price is GBX 101.85 and its 200 day moving average price is GBX 103.41. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32.

Costain Group (LON:COST) last posted its quarterly earnings results on Tuesday, March 11th. The company reported GBX 14.60 ($0.19) earnings per share for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. As a group, equities analysts predict that Costain Group PLC will post 13.7551582 EPS for the current year.

Costain Group Increases Dividend

The business also recently declared a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, April 17th will be paid a GBX 2 ($0.03) dividend. This represents a yield of 1.89%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Costain Group’s previous dividend of $0.40. Costain Group’s payout ratio is 8.93%.

About Costain Group

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.