Harworth Group (LON:HWG) Share Price Crosses Above 50-Day Moving Average – What’s Next?

Harworth Group plc (LON:HWG) shares crossed above its 50 day moving average during trading on Thursday . The stock has a 50 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 trading hands.

Harworth Group Stock Performance

The firm has a market capitalization of £571.20 million, a price-to-earnings ratio of 11.44 and a beta of 0.74. The company has a 50-day moving average price of GBX 165.83 and a 200-day moving average price of GBX 171.63. 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 (LON:HWG) last released its quarterly 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 return on equity of 7.75% and a net margin of 52.25%. As a group, equities research analysts forecast that Harworth Group plc will post 15.3212521 earnings per share for the current year.

Harworth Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 23rd. Stockholders of record on Thursday, April 24th will be issued a GBX 1.13 ($0.01) dividend. This is a positive change from Harworth Group’s previous dividend of $0.49. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 0.65%. Harworth Group’s dividend payout ratio is 13.18%.

Insider Buying and Selling

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

Harworth Group Company Profile

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.