Keller Group (LON:KLR) Stock Passes Above Two Hundred Day Moving Average - Here's Why

Keller Group plc (LON:KLR - Get Free Report)'s share price passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 1,432.26 ($19.03) and traded as high as GBX 1,526 ($20.28). Keller Group shares last traded at GBX 1,520 ($20.20), with a volume of 8,220,584 shares.

Keller Group Trading Down 2.0%

The stock has a market cap of £1.09 billion, a PE ratio of 8.63, a PEG ratio of 2.86 and a beta of 1.34. The company has a debt-to-equity ratio of 71.61, a quick ratio of 1.17 and a current ratio of 1.36. The stock has a fifty day moving average price of GBX 1,387.64 and a 200 day moving average price of GBX 1,430.40.

Keller Group (LON:KLR - Get Free Report) last announced its earnings results on Tuesday, March 4th. The company reported GBX 204 ($2.71) EPS for the quarter. Keller Group had a return on equity of 23.55% and a net margin of 4.20%. Equities analysts expect that Keller Group plc will post 192.5925926 EPS for the current year.

Keller Group Increases Dividend

The business also recently announced a dividend, which will be paid on Friday, June 20th. Stockholders of record on Thursday, May 22nd will be issued a GBX 33.10 ($0.44) dividend. This is a boost from Keller Group's previous dividend of $16.60. The ex-dividend date of this dividend is Thursday, May 22nd. This represents a dividend yield of 2.4%. Keller Group's payout ratio is 27.77%.

Keller Group declared that its Board of Directors has approved a share buyback program on Monday, March 31st that authorizes the company to repurchase 0 shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's board believes its shares are undervalued.

Insider Transactions at Keller Group

In related news, insider Kerry Porritt sold 13,756 shares of the business's stock in a transaction on Monday, April 14th. The stock was sold at an average price of GBX 1,396 ($18.55), for a total transaction of £192,033.76 ($255,160.46). Also, insider David Burke sold 33,773 shares of the business's stock in a transaction on Monday, March 17th. The shares were sold at an average price of GBX 1,408 ($18.71), for a total value of £475,523.84 ($631,841.40). Company insiders own 4.19% of the company's stock.

About Keller Group

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services.