Costain Group (LON:COST) Shares Down 16.1% - Here's What Happened

Key Points

• Costain Group PLC's share price dropped by 16.1%, closing at GBX 137.10 ($1.85) after reaching a low of GBX 131.88 ($1.78) during the trading day.
• Trading volume surged to 9,494,739 shares, which is an increase of 570% compared to its average session volume of 1,417,399 shares.
• Insider transactions included significant sales, with insider Alex Vaughan selling 241,639 shares at an average price of GBX 144, totaling £347,960.16.

Costain Group PLC (LON:COST - )'s share price traded down 16.1% on Wednesday . The company traded as low as GBX 131.88 ($1.78) and last traded at GBX 137.10 ($1.85). 9,494,739 shares traded hands during mid-day trading, an increase of 570% from the average session volume of 1,417,399 shares. The stock had previously closed at GBX 163.40 ($2.20).

Costain Group Price Performance

The stock's 50 day moving average price is GBX 152.86 and its two-hundred day moving average price is GBX 124.92. 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 firm has a market capitalization of £370.17 million, a price-to-earnings ratio of 12.34, a PEG ratio of 1.63 and a beta of 2.64.

Insiders Place Their Bets

In related news, insider Alex Vaughan sold 241,639 shares of the business's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 144, for a total transaction of £347,960.16. Also, insider Helen Willis sold 100,082 shares of the business's stock in a transaction on Tuesday, June 24th. The stock was sold at an average price of GBX 142, for a total transaction of £142,116.44. Insiders sold 612,435 shares of company stock valued at $87,561,906 over the last 90 days. 6.43% of the stock is owned by corporate insiders.

Costain Group Company Profile

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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