Dowlais Group (LON:DWL) Stock Price Down 3% - Time to 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 traded down 3% during mid-day trading on Tuesday . The stock traded as low as GBX 68.05 ($0.92) and last traded at GBX 68.05 ($0.92). 5,866,213 shares changed hands during trading, a decline of 32% from the average session volume of 8,678,623 shares. The stock had previously closed at GBX 70.15 ($0.94).

Analysts Set New Price Targets

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

Dowlais Group Trading Up 5.6%

The company has a market capitalization of £1.01 billion and a PE ratio of -1.97. The stock has a fifty day moving average of GBX 69 and a two-hundred day moving average of GBX 65.71.

Dowlais Group (LON:DWL - Get Free Report) last announced its quarterly earnings results on Thursday, August 7th. The company reported GBX 5.60 ($0.08) EPS for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. Equities analysts forecast that Dowlais Group plc will post 13.5660848 EPS 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.