Costain Group (LON:COST) Stock Price Down 15.2% - Should You Sell?

Key Points

• Costain Group's stock price dropped 15.2% on Wednesday, closing at GBX 138.60 ($1.87) after trading as low as GBX 131.88 ($1.78).
• Insider sales included 612,435 shares worth over $87 million in total during the last ninety days, indicating potential concerns from those close to the company.
• The company has a market capitalization of £373.38 million and a high debt-to-equity ratio of 9.86, which may impact its financial stability.

Costain Group PLC (LON:COST - )'s stock price fell 15.2% during trading on Wednesday . The company traded as low as GBX 131.88 ($1.78) and last traded at GBX 138.60 ($1.87). 10,728,923 shares changed hands during mid-day trading, an increase of 653% from the average session volume of 1,425,065 shares. The stock had previously closed at GBX 163.40 ($2.20).

Costain Group Stock Performance

The stock's 50-day simple moving average is GBX 152.86 and its 200 day simple moving average is GBX 124.92. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The company has a market capitalization of £373.38 million, a PE ratio of 12.44, a P/E/G ratio of 1.63 and a beta of 2.64.

Insiders Place Their Bets

In related news, insider Helen Willis sold 100,082 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 142, for a total value of £142,116.44. Also, insider Alex Vaughan sold 241,639 shares of the 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. Insiders sold a total of 612,435 shares of company stock worth $87,561,906 over the last ninety days. 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.