Serco Group (LON:SRP) Shares Pass Above 200-Day Moving Average of $166.40

Serco Group plc (LON:SRP - 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 166.40 ($2.07) and traded as high as GBX 180.30 ($2.24). Serco Group shares last traded at GBX 178.10 ($2.22), with a volume of 1,784,201 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a "buy" rating on shares of Serco Group in a report on Monday, February 26th.

Serco Group Trading Up 0.6 %

The company has a current ratio of 0.87, a quick ratio of 0.98 and a debt-to-equity ratio of 63.84. The business's fifty day simple moving average is GBX 184.24 and its two-hundred day simple moving average is GBX 166.63. The stock has a market capitalization of £1.93 billion, a P/E ratio of 995.00, a P/E/G ratio of 3.06 and a beta of 0.38.

Serco Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a GBX 2.27 ($0.03) dividend. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Serco Group's previous dividend of $1.14. This represents a yield of 1.27%. Serco Group's dividend payout ratio is 1,666.67%.

Insider Buying and Selling at Serco Group

In other news, insider Nigel Crossley sold 212,403 shares of the stock in a transaction on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.32), for a total value of £395,069.58 ($491,808.27). Insiders own 2.00% of the company's stock.

Serco Group Company Profile

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.