Serco Group (LON:SRP) Shares Pass Above 200-Day Moving Average - Should You Sell?

Serco Group plc (LON:SRP - Get Free Report) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 159.14 ($2.13) and traded as high as GBX 187.40 ($2.51). Serco Group shares last traded at GBX 185.07 ($2.48), with a volume of 3,772,973 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "hold" rating on shares of Serco Group in a research report on Friday, February 7th.

Serco Group Stock Down 0.5%

The company has a market capitalization of £1.88 billion, a price-to-earnings ratio of 14.49, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a quick ratio of 0.98, a current ratio of 0.91 and a debt-to-equity ratio of 62.40. The business has a 50-day moving average price of GBX 165.55 and a 200-day moving average price of GBX 159.14.

Serco Group (LON:SRP - Get Free Report) last posted its quarterly earnings results on Thursday, February 27th. The company reported GBX 16.67 ($0.22) earnings per share for the quarter. Serco Group had a return on equity of 13.70% and a net margin of 2.87%. As a group, equities analysts anticipate that Serco Group plc will post 17.552759 earnings per share for the current fiscal year.

Serco Group Increases Dividend

The firm also recently declared a dividend, which was paid on Friday, May 9th. Stockholders of record on Thursday, April 10th were paid a dividend of GBX 2.82 ($0.04) per share. This is a positive change from Serco Group's previous dividend of $1.34. The ex-dividend date of this dividend was Thursday, April 10th. This represents a dividend yield of 1.77%. Serco Group's dividend payout ratio is 31.16%.

Insider Transactions at Serco Group

In other news, insider Nigel Crossley sold 192,646 shares of the company's stock in a transaction dated Monday, April 7th. The shares were sold at an average price of GBX 153 ($2.05), for a total transaction of £294,748.38 ($394,734.67). Also, insider Anthony Kirby acquired 35,300 shares of Serco Group stock in a transaction on Friday, May 9th. The stock was purchased at an average price of GBX 159 ($2.13) per share, with a total value of £56,127 ($75,166.73). 1.67% of the stock is currently owned by corporate insiders.

Serco Group Company Profile

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