Dowlais Group (LON:DWL) Stock Price Up 0.7% – Here’s What Happened

Dowlais Group plc (LON:DWL)’s share price shot up 0.7% during 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 mid-day 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 Price Performance

The firm has a fifty day simple moving average of GBX 68.13 and a two-hundred day simple moving average of GBX 62.09. The firm has a market capitalization of £822.88 million and a P/E ratio of -1.60.

Dowlais Group (LON:DWL) last issued its quarterly earnings results 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%. On average, research analysts anticipate that Dowlais Group plc will post 13.5660848 EPS for the current year.

Dowlais Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, April 17th will be given a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 17th. This is a positive change from Dowlais Group’s previous dividend of $1.40. Dowlais Group’s dividend payout ratio (DPR) is currently -10.52%.

Insider Activity

In related news, insider Liam Butterworth purchased 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, with a total value of £57,976.44 ($74,953.38). 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.