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

Dewhurst Group Plc (LON:DWHT)’s stock price passed 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 changing hands.

Dewhurst Group Trading Down 3.1 %

The company has a debt-to-equity ratio of 3.94, a current ratio of 4.36 and a quick ratio of 3.69. The business has a 50-day moving average of GBX 1,097.29 and a 200-day moving average of GBX 1,110.78. The firm has a market cap of £70.77 million, a price-to-earnings ratio of 8.71 and a beta of 0.54.

Dewhurst Group (LON:DWHT) last announced its quarterly 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%. Research analysts anticipate that Dewhurst Group Plc will post 99.7495826 EPS for the current year.

Dewhurst Group Increases Dividend

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

About Dewhurst Group

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.