Dewhurst Group (LON:DWHT) Shares Pass Below 200-Day Moving Average – Here’s Why

Dewhurst Group Plc (LON:DWHT) shares crossed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 1,121.89 ($13.92) and traded as low as GBX 1,085 ($13.46). Dewhurst Group shares last traded at GBX 1,118.60 ($13.88), with a volume of 1,554 shares.

Dewhurst Group Price Performance

The company has a quick ratio of 3.69, a current ratio of 5.22 and a debt-to-equity ratio of 4.19. The stock has a market capitalization of £49.55 million, a price-to-earnings ratio of 1,775.56 and a beta of 0.54. The business’s 50 day simple moving average is GBX 1,075.14 and its 200-day simple moving average is GBX 1,121.89.

Dewhurst Group (LON:DWHT) last posted its quarterly earnings results on Thursday, December 12th. The company reported GBX 66.58 ($0.83) earnings per share (EPS) for the quarter. Dewhurst Group had a net margin of 8.54% and a return on equity of 8.75%. On average, research analysts forecast that Dewhurst Group Plc will post 99.7495826 earnings per share for the current year.

Dewhurst Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Wednesday, February 26th. Stockholders of record on Thursday, January 16th will be paid a GBX 11.50 ($0.14) dividend. This is a positive change from Dewhurst Group’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, January 16th. This represents a dividend yield of 1.05%. Dewhurst Group’s dividend payout ratio (DPR) is presently 2,539.68%.

Dewhurst Group Company Profile

Dewhurst Group Plc manufactures and sells electrical components and control equipment for industrial and commercial capital goods in the United Kingdom, Europe, the Americas, Asia, Australia, and internationally. The company's products portfolio includes accessories; auxiliaries; destination controls; displays, such as dot matrix displays, LCD displays, touch panel, and accessories; fixtures; hidden legends; hygiene plus products; key switches; keypads; lanterns and gongs; pushbuttons; and switching ranges.