Dowlais Group (LON:DWL) Shares Down 0.7% - Here's What Happened

Shares of Dowlais Group plc (LON:DWL - Get Free Report) fell 0.7% during mid-day trading on Wednesday . The stock traded as low as GBX 71.45 ($0.90) and last traded at GBX 72.05 ($0.91). 10,094,308 shares changed hands during mid-day trading, a decline of 28% from the average session volume of 14,097,284 shares. The stock had previously closed at GBX 72.55 ($0.92).

Wall Street Analyst Weigh In

Separately, Berenberg Bank reissued a "hold" rating and issued a GBX 62 ($0.78) price target on shares of Dowlais Group in a report on Monday, November 25th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of GBX 94 ($1.19).

Dowlais Group Stock Performance

The stock has a market capitalization of £980.42 million and a P/E ratio of -1.91. The company's fifty day simple moving average is GBX 67.83 and its two-hundred day simple moving average is GBX 61.37.

About Dowlais Group

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.