Dowlais Group (LON:DWL) Stock Price Down 3% - Should You Sell?

Key Points

• Dowlais Group's stock price fell by 3% during trading, closing at GBX 68.05 ($0.90) amidst a lower trading volume compared to its daily average.
• The company has a market capitalization of £954.13 million and shows a P/E ratio of -1.86, indicating a negative earnings performance.
• Dowlais Group manufactures automotive parts, including drive systems for both conventional and electric vehicles, serving markets in the Americas, Europe, and Asia.

Dowlais Group plc (LON:DWL - Get Free Report)'s share price dropped 3% on Tuesday . The company traded as low as GBX 68.05 ($0.92) and last traded at GBX 68.05 ($0.92). Approximately 5,866,213 shares traded hands during mid-day trading, a decline of 32% from the average daily volume of 8,678,623 shares. The stock had previously closed at GBX 70.15 ($0.94).

Analyst Ratings Changes

Separately, Jefferies Financial Group reissued a "hold" rating and issued a GBX 75 ($1.01) price target on shares of Dowlais Group in a research report on Thursday.

Dowlais Group Trading Up 5.6%

The business's fifty day simple moving average is GBX 68.83 and its 200 day simple moving average is GBX 65.66. The stock has a market cap of £1.01 billion and a price-to-earnings ratio of -1.97.

Dowlais Group (LON:DWL - Get Free Report) last posted its quarterly earnings results on Thursday, August 7th. The company reported GBX 5.60 ($0.08) earnings per share for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. As a group, research analysts anticipate that Dowlais Group plc will post 13.5660848 earnings per share for the current year.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.