Vesuvius plc (LON:VSVS – Get Free Report) shares hit a new 52-week low on Monday . The stock traded as low as GBX 379 ($4.95) and last traded at GBX 379 ($4.95), with a volume of 65776 shares trading hands. The stock had previously closed at GBX 390.50 ($5.10).
Wall Street Analyst Weigh In
VSVS has been the subject of several analyst reports. Berenberg Bank cut their price target on Vesuvius from GBX 580 ($7.57) to GBX 530 ($6.92) and set a “buy” rating for the company in a report on Wednesday, August 28th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 490 ($6.40) price target on shares of Vesuvius in a report on Wednesday, July 3rd.
Read Our Latest Report on VSVS
Vesuvius Trading Down 2.7 %
Vesuvius Cuts Dividend
The company also recently disclosed a dividend, which was paid on Friday, September 13th. Stockholders of record on Thursday, August 8th were issued a dividend of GBX 7.10 ($0.09) per share. The ex-dividend date was Thursday, August 8th. This represents a dividend yield of 1.47%. Vesuvius’s payout ratio is 5,897.44%.
Insider Transactions at Vesuvius
In other news, insider Mark Collis acquired 4,605 shares of the company’s stock in a transaction dated Thursday, August 1st. The stock was acquired at an average cost of GBX 432 ($5.64) per share, for a total transaction of £19,893.60 ($25,977.54). Insiders own 1.28% of the company’s stock.
About Vesuvius
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.
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