Dowlais Group (LON:DWL) Reaches New 12-Month Low – Time to Sell?

Dowlais Group plc (LON:DWL)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 49.24 ($0.64) and last traded at GBX 49.24 ($0.64), with a volume of 7209329 shares changing hands. The stock had previously closed at GBX 50 ($0.65).

Analyst Ratings Changes

A number of analysts have recently commented on the company. Citigroup raised Dowlais Group to a “neutral” rating and set a GBX 58 ($0.75) price target on the stock in a research report on Thursday, October 24th. Jefferies Financial Group reduced their price target on Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating for the company in a report on Friday, July 12th.

Dowlais Group Trading Down 2.4 %

The stock has a market cap of £663.41 million and a P/E ratio of -134.55. The company’s 50 day moving average price is GBX 58 and its two-hundred day moving average price is GBX 67.

Dowlais Group Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, August 29th were given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date of this dividend was Thursday, August 29th. This represents a dividend yield of 2.28%. Dowlais Group’s payout ratio is currently -1,081.08%.

Insiders Place Their Bets

In other news, insider Roberto Fioroni bought 83,925 shares of the company’s stock in a transaction that occurred on Tuesday, August 13th. The stock was bought at an average price of GBX 59 ($0.77) per share, with a total value of £49,515.75 ($64,214.43). 1.78% of the stock is owned by company insiders.

About Dowlais Group

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.