Vesuvius (LON:VSVS) Shares Cross Above Two Hundred Day Moving Average – What’s Next?

Vesuvius plc (LON:VSVSGet Free Report)’s stock price crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 399.41 ($5.17) and traded as high as GBX 405 ($5.24). Vesuvius shares last traded at GBX 391.50 ($5.07), with a volume of 13,405,566 shares changing hands.

Analyst Upgrades and Downgrades

Separately, Berenberg Bank raised their price objective on Vesuvius from GBX 530 ($6.86) to GBX 580 ($7.51) and gave the stock a “buy” rating in a research report on Tuesday, December 10th.

View Our Latest Research Report on Vesuvius

Vesuvius Trading Up 0.4 %

The business’s 50-day simple moving average is GBX 404.92 and its 200-day simple moving average is GBX 399.56. The company has a market cap of £1.03 billion, a PE ratio of 10.45, a P/E/G ratio of 0.57 and a beta of 1.20. The company has a current ratio of 1.57, a quick ratio of 1.20 and a debt-to-equity ratio of 41.62.

Vesuvius (LON:VSVSGet Free Report) last posted its earnings results on Friday, March 7th. The company reported GBX 43.30 ($0.56) EPS for the quarter. Vesuvius had a net margin of 5.56% and a return on equity of 8.49%. As a group, analysts expect that Vesuvius plc will post 51.3945695 EPS for the current fiscal year.

Vesuvius Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 6th. Stockholders of record on Thursday, April 24th will be issued a dividend of GBX 16.40 ($0.21) per share. The ex-dividend date of this dividend is Thursday, April 24th. This is a positive change from Vesuvius’s previous dividend of $7.10. This represents a dividend yield of 4.14%. Vesuvius’s payout ratio is 59.48%.

Insider Activity at Vesuvius

In other Vesuvius news, insider Patrick André sold 156,406 shares of the stock in a transaction on Monday, March 17th. The stock was sold at an average price of GBX 390 ($5.05), for a total value of £609,983.40 ($789,724.75). 1.28% of the stock is currently owned by corporate insiders.

About Vesuvius

(Get Free Report)

We are a global leader in metal flow engineering, providing a full range of engineering services and solutions to its customers worldwide, principally serving the steel and foundry industries.

Further Reading

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