Dowlais Group (LON:DWL) Trading Up 0.7% - Here's Why

Shares of Dowlais Group plc (LON:DWL - Get Free Report) were up 0.7% during trading on Tuesday . The stock traded as high as GBX 62.10 ($0.80) and last traded at GBX 60.85 ($0.78). Approximately 5,518,808 shares were traded during mid-day trading, a decline of 55% from the average daily volume of 12,160,236 shares. The stock had previously closed at GBX 60.45 ($0.78).

Dowlais Group Stock Performance

The company has a 50-day moving average of GBX 67.49 and a 200-day moving average of GBX 62.01. The stock has a market capitalization of £719.43 million and a price-to-earnings ratio of -1.40.

Dowlais Group (LON:DWL - Get Free Report) last issued its quarterly earnings data on Wednesday, March 5th. The company reported GBX 11.40 ($0.15) earnings per share (EPS) for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. As a group, analysts expect that Dowlais Group plc will post 13.5660848 earnings per share for the current year.

Dowlais Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, April 17th will be paid a GBX 2.80 ($0.04) dividend. This is a boost from Dowlais Group's previous dividend of $1.40. This represents a yield of 4.27%. The ex-dividend date is Thursday, April 17th. Dowlais Group's payout ratio is presently -10.52%.

Insiders Place Their Bets

In related news, insider Liam Butterworth acquired 86,532 shares of the company's stock in a transaction dated Monday, March 10th. The stock was bought at an average price of GBX 67 ($0.86) per share, with a total value of £57,976.44 ($74,760.08). Corporate 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.