Harworth Group (LON:HWG) Stock Crosses Above 50-Day Moving Average – Time to Sell?

Shares of Harworth Group plc (LON:HWG) crossed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 179.17 ($2.32) and traded as high as GBX 180 ($2.33). Harworth Group shares last traded at GBX 175 ($2.27), with a volume of 154,368 shares changing hands.

Harworth Group Price Performance

The firm has a market cap of £566.39 million, a P/E ratio of 1,166.67 and a beta of 0.74. The business’s fifty day simple moving average is GBX 179.17 and its 200-day simple moving average is GBX 160.12. The company has a current ratio of 2.59, a quick ratio of 1.13 and a debt-to-equity ratio of 13.88.

Harworth Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Thursday, October 24th. Investors of record on Thursday, September 19th were paid a dividend of GBX 0.49 ($0.01) per share. The ex-dividend date was Thursday, September 19th. This represents a dividend yield of 0.29%. Harworth Group’s payout ratio is 1,333.33%.

Insiders Place Their Bets

In other news, insider Lynda Shillaw acquired 11,245 shares of the business’s stock in a transaction dated Friday, September 13th. The stock was bought at an average cost of GBX 178 ($2.31) per share, for a total transaction of £20,016.10 ($25,957.85). In related news, insider Chris Birch sold 11,804 shares of the business’s stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of GBX 191 ($2.48), for a total transaction of £22,545.64 ($29,238.28). Also, insider Lynda Shillaw purchased 11,245 shares of the stock in a transaction on Friday, September 13th. The stock was acquired at an average cost of GBX 178 ($2.31) per share, for a total transaction of £20,016.10 ($25,957.85). Insiders purchased a total of 11,501 shares of company stock worth $2,046,618 in the last quarter. 53.39% of the stock is owned by company insiders.

About Harworth Group

Harworth Group plc operates as a land and property regeneration company in the North of England and the Midlands. The company operates through Income Generation and Capital Growth segments. The Income Generation segment focuses on generating rental returns from the investment portfolio; rental returns and royalties from energy generation, environmental technologies, and the agricultural portfolio; and income-generating streams from recycled aggregates and secondary coal products.