CVS Group (LON:CVSG) Sets New 1-Year Low - Here's What Happened

CVS Group plc (LON:CVSG - Get Free Report)'s stock price hit a new 52-week low during trading on Wednesday . The company traded as low as GBX 887 ($11.55) and last traded at GBX 891 ($11.60), with a volume of 104462 shares changing hands. The stock had previously closed at GBX 906 ($11.79).

Analyst Ratings Changes

Separately, Berenberg Bank reaffirmed a "buy" rating and set a GBX 2,370 ($30.85) price objective on shares of CVS Group in a research note on Thursday, July 25th.

CVS Group Stock Down 2.3 %

The firm has a market capitalization of £634.90 million, a price-to-earnings ratio of 2,458.33, a price-to-earnings-growth ratio of 1.77 and a beta of 1.02. The company has a debt-to-equity ratio of 110.48, a quick ratio of 0.90 and a current ratio of 1.09. The business's 50 day moving average is GBX 1,054.59 and its 200-day moving average is GBX 1,055.63.

CVS Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, November 29th. Investors of record on Thursday, October 31st will be given a dividend of GBX 8 ($0.10) per share. The ex-dividend date of this dividend is Thursday, October 31st. This is a boost from CVS Group's previous dividend of $7.50. This represents a yield of 0.71%. CVS Group's dividend payout ratio is 2,222.22%.

About CVS Group

CVS Group plc, together with its subsidiaries, engages in veterinary, pet crematoria, online pharmacy, and retail businesses. The company operates through four segments: Veterinary Practices, Laboratories, Crematoria, and Online Retail Business. It operates in animal veterinary practices and complementary veterinary diagnostic businesses.