Costain Group (LON:COST) Shares Pass Above 200-Day Moving Average - What's Next?

Key Points

• Costain Group's share price has crossed above its 200-day moving average of GBX 117.26, reaching a high of GBX 159.82 during trading.
• The company has a market capitalization of £427.11 million and reported a PE ratio of 14.23, indicating a positive outlook for investors.
• Insider trading activity revealed that insiders sold a total of 612,435 shares valued at approximately $87.56 million over the last ninety days, with insiders owning 6.43% of the company's stock.

Costain Group PLC (LON:COST - Get Free Report)'s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 117.26 ($1.55) and traded as high as GBX 159.82 ($2.11). Costain Group shares last traded at GBX 157.23 ($2.08), with a volume of 1,485,155 shares trading hands.

Costain Group Price Performance

The stock has a fifty day simple moving average of GBX 141.92 and a 200-day simple moving average of GBX 118.35. The company has a market capitalization of £434.99 million, a PE ratio of 14.50, a P/E/G ratio of 1.63 and a beta of 2.64. The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86.

Insider Buying and Selling

In other Costain Group news, insider Helen Willis sold 100,082 shares of the stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 142 ($1.88), for a total value of £142,116.44 ($187,736.38). Also, insider Alex Vaughan sold 241,639 shares of the company's stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 144 ($1.90), for a total transaction of £347,960.16 ($459,656.75). Insiders sold 612,435 shares of company stock valued at $87,561,906 over the last ninety days. 6.43% of the stock is currently 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.