Equals Group (LON:EQLS) Hits New 52-Week High - Here's What Happened

Shares of Equals Group plc (LON:EQLS - Get Free Report) hit a new 52-week high on Tuesday . The stock traded as high as GBX 140 ($1.83) and last traded at GBX 139 ($1.82), with a volume of 856945 shares. The stock had previously closed at GBX 139.50 ($1.83).

Equals Group Price Performance

The company's 50-day moving average is GBX 138.05 and its 200-day moving average is GBX 129.44. The firm has a market capitalization of £265.55 million, a price-to-earnings ratio of 32.12 and a beta of 1.36. The company has a debt-to-equity ratio of 5.20, a current ratio of 1.57 and a quick ratio of 1.55.

Equals Group (LON:EQLS - Get Free Report) last announced its quarterly earnings results on Tuesday, April 8th. The company reported GBX 10.41 ($0.14) earnings per share for the quarter. Equals Group had a net margin of 7.36% and a return on equity of 13.60%. On average, research analysts expect that Equals Group plc will post 9.2062193 earnings per share for the current year.

Equals Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Wednesday, May 28th. Investors of record on Thursday, April 24th will be issued a dividend of GBX 35 ($0.46) per share. This is a positive change from Equals Group's previous dividend of $1.00. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 3.58%. Equals Group's payout ratio is presently 46.05%.

About Equals Group

Equals Group plc is an AIM-listed fintech founded in 2005 and listed in 2014 that develops and sells scalable payment platforms to enable organisations and individuals to move and easily manage their money flows through its payment and card products. Its core brands are: Equals Money – an international, domestic and card payment platform delivering corporate payments solutions from FX to expense management.