Costain Group (LON:COST) Shares Cross Above Two Hundred Day Moving Average - Here's Why

Key Points

• Costain Group's stock price has recently crossed above its 200-day moving average, indicating potential upward momentum in trading.
• The company’s stock last traded at GBX 164.80 ($2.24) with a market capitalization of £442.49 million and a P/E ratio of 14.75.
• Insider transactions saw a significant number of shares sold, with insiders offloading a total of 612,435 shares valued at approximately $87.56 million in the past ninety days.

Costain Group PLC (LON:COST - )'s stock price crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 122.83 ($1.67) and traded as high as GBX 171.20 ($2.32). Costain Group shares last traded at GBX 164.80 ($2.24), with a volume of 1,368,416 shares.

Costain Group Stock Up 0.2%

The stock has a market capitalization of £442.49 million, a P/E ratio of 14.75, a PEG ratio of 1.63 and a beta of 2.64. The company has a debt-to-equity ratio of 9.86, a current ratio of 1.40 and a quick ratio of 1.32. The stock's fifty day moving average is GBX 149.71 and its two-hundred day moving average is GBX 122.83.

Insider Buying and Selling

In related news, insider Alex Vaughan sold 241,639 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 144 ($1.96), for a total value of £347,960.16 ($472,515.15). Also, insider Helen Willis sold 100,082 shares of the firm's stock in a transaction that occurred on Tuesday, June 24th. The stock was sold at an average price of GBX 142 ($1.93), for a total transaction of £142,116.44 ($192,988.10). Insiders sold a total of 612,435 shares of company stock valued at $87,561,906 in the last ninety days. Company insiders own 6.43% of the company's stock.

About Costain Group

Costain helps to improve people's lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK's energy, water, transportation and defence markets.

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