Dewhurst Group (LON:DWHT) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

Shares of Dewhurst Group Plc (LON:DWHT) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,111.16 ($14.37) and traded as low as GBX 1,100 ($14.23). Dewhurst Group shares last traded at GBX 1,131 ($14.63), with a volume of 17 shares trading hands.

Dewhurst Group Stock Down 3.1 %

The firm has a 50 day simple moving average of GBX 1,097.29 and a two-hundred day simple moving average of GBX 1,110.78. The company has a quick ratio of 3.69, a current ratio of 4.36 and a debt-to-equity ratio of 3.94. The stock has a market capitalization of £70.77 million, a P/E ratio of 8.71 and a beta of 0.54.

Dewhurst Group (LON:DWHT) last released its earnings results on Thursday, December 12th. The company reported GBX 66.58 ($0.86) earnings per share for the quarter. Dewhurst Group had a return on equity of 8.43% and a net margin of 8.54%. On average, equities research analysts expect that Dewhurst Group Plc will post 99.7495826 earnings per share for the current year.

Dewhurst Group Increases Dividend

The firm also recently announced a dividend, which was paid on Wednesday, February 26th. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 11.50 ($0.15) per share. The ex-dividend date was Thursday, January 16th. This is a boost from Dewhurst Group’s previous dividend of $5.00. This represents a yield of 1.05%. Dewhurst Group’s dividend payout ratio is presently 13.08%.

Dewhurst Group Company Profile

Dewhurst Group Plc manufactures and sells electrical components and control equipment for industrial and commercial capital goods in the United Kingdom, Europe, the Americas, Asia, Australia, and internationally. The company's products portfolio includes accessories; auxiliaries; destination controls; displays, such as dot matrix displays, LCD displays, touch panel, and accessories; fixtures; hidden legends; hygiene plus products; key switches; keypads; lanterns and gongs; pushbuttons; and switching ranges.