Dowlais Group (LON:DWL) Hits New 52-Week Low - Should You Sell?

Dowlais Group plc (LON:DWL - Get Free Report)'s share price hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as GBX 47.78 ($0.62) and last traded at GBX 47.84 ($0.62), with a volume of 9046212 shares traded. The stock had previously closed at GBX 48.14 ($0.63).

Wall Street Analyst Weigh In

DWL has been the topic of a number of analyst reports. Citigroup raised shares of Dowlais Group to a "neutral" rating and set a GBX 58 ($0.76) price objective on the stock in a research report on Thursday, October 24th. Jefferies Financial Group lowered their target price on shares of Dowlais Group from GBX 135 ($1.76) to GBX 110 ($1.43) and set a "buy" rating for the company in a research note on Friday, July 12th.

Dowlais Group Stock Performance

The firm's 50 day simple moving average is GBX 56.30 and its 200 day simple moving average is GBX 65.88. The firm has a market capitalization of £661.23 million and a price-to-earnings ratio of -131.41.

Dowlais Group Cuts Dividend

The firm also recently disclosed a dividend, which was paid on Friday, October 4th. Shareholders of record on Thursday, August 29th were paid a dividend of GBX 1.40 ($0.02) per share. This represents a yield of 2.28%. The ex-dividend date of this dividend was Thursday, August 29th. Dowlais Group's payout ratio is -1,081.08%.

Insider Buying and Selling at Dowlais Group

In other news, insider Roberto Fioroni bought 83,925 shares of the firm's stock in a transaction that occurred on Tuesday, August 13th. The stock was purchased at an average cost of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,456.85). Company insiders own 1.78% of the company's stock.

Dowlais Group Company Profile

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.