Harworth Group (LON:HWG) Shares Cross Above Fifty Day Moving Average - Here's Why

Shares of Harworth Group plc (LON:HWG - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 171.60 ($2.30) and traded as high as GBX 172.50 ($2.31). Harworth Group shares last traded at GBX 172 ($2.30), with a volume of 401,613 shares traded.

Harworth Group Stock Down 2.7%

The company has a debt-to-equity ratio of 13.88, a current ratio of 2.59 and a quick ratio of 1.13. The firm's 50-day moving average price is GBX 172.23 and its 200 day moving average price is GBX 168.97. The firm has a market cap of £575.15 million, a P/E ratio of 11.52 and a beta of 0.74.

Harworth Group (LON:HWG - Get Free Report) last released its quarterly earnings data on Tuesday, March 18th. The company reported GBX 17.70 ($0.24) earnings per share for the quarter. Harworth Group had a net margin of 52.25% and a return on equity of 7.75%. On average, equities research analysts expect that Harworth Group plc will post 15.3212521 earnings per share for the current fiscal year.

Harworth Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 23rd. Investors of record on Thursday, April 24th will be paid a dividend of GBX 1.13 ($0.02) per share. This is a positive change from Harworth Group's previous dividend of $0.49. The ex-dividend date is Thursday, April 24th. This represents a yield of 0.65%. Harworth Group's dividend payout ratio is 13.18%.

Insider Buying and Selling

In other Harworth Group news, insider Chris Birch sold 15,533 shares of the firm's stock in a transaction that occurred on Wednesday, April 23rd. The shares were sold at an average price of GBX 174 ($2.33), for a total value of £27,027.42 ($36,195.82). Also, insider Lynda Shillaw purchased 17,291 shares of the company's stock in a transaction on Tuesday, March 18th. The stock was purchased at an average price of GBX 174 ($2.33) per share, for a total transaction of £30,086.34 ($40,292.41). Insiders have acquired a total of 23,953 shares of company stock worth $4,141,417 over the last quarter. 53.39% of the stock is owned by company insiders.

About Harworth Group

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments.