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Keller Group (LON:KLR) Stock Price Crosses Above 200-Day Moving Average - Here's What Happened

Keller Group logo with Industrials background

Keller Group plc (LON:KLR - Get Free Report) passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 1,424.08 ($19.32) and traded as high as GBX 1,550 ($21.03). Keller Group shares last traded at GBX 1,546 ($20.98), with a volume of 272,265 shares trading hands.

Keller Group Trading Down 1.3%

The company's 50 day moving average price is GBX 1,476.99 and its 200 day moving average price is GBX 1,424.33. The firm has a market cap of £1.11 billion, a PE ratio of 8.83, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. The company has a debt-to-equity ratio of 71.61, a current ratio of 1.36 and a quick ratio of 1.17.

Keller Group announced that its Board of Directors has initiated a stock repurchase plan on Monday, March 31st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to repurchase shares of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Insider Activity

In other news, insider Kerry Porritt sold 13,756 shares of the business's stock in a transaction dated Monday, April 14th. The stock was sold at an average price of GBX 1,396 ($18.94), for a total transaction of £192,033.76 ($260,561.41). Also, insider David Burke sold 33,773 shares of the company's stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of GBX 1,408 ($19.10), for a total transaction of £475,523.84 ($645,215.52). Insiders own 4.19% of the company's stock.

About Keller Group

(Get Free Report)

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.

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