Dowlais Group plc (LON:DWL - Get Free Report) hit a new 52-week low during trading on Friday . The stock traded as low as GBX 50.75 ($0.66) and last traded at GBX 51.55 ($0.67), with a volume of 6956598 shares changing hands. The stock had previously closed at GBX 54.40 ($0.71).
Analyst Ratings Changes
Several equities research analysts recently commented on the company. JPMorgan Chase & Co. lowered their price target on Dowlais Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a "neutral" rating for the company in a research note on Monday, July 1st. Jefferies Financial Group decreased their target price on Dowlais Group from GBX 135 ($1.77) to GBX 110 ($1.44) and set a "buy" rating for the company in a research report on Friday, July 12th.
Read Our Latest Research Report on Dowlais Group
Dowlais Group Stock Performance
The company has a market capitalization of £701.08 million and a price-to-earnings ratio of -139.32. The firm's 50-day simple moving average is GBX 60.83 and its 200-day simple moving average is GBX 69.61.
Dowlais Group Cuts Dividend
The firm also recently announced a dividend, which was paid on Friday, October 4th. Stockholders of record on Thursday, August 29th were given a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, August 29th. This represents a dividend yield of 2.28%. Dowlais Group's dividend payout ratio (DPR) is currently -1,081.08%.
Insider Activity
In other Dowlais Group news, insider Roberto Fioroni bought 83,925 shares of the firm's stock in a transaction dated Tuesday, August 13th. The shares were acquired at an average cost of GBX 59 ($0.77) per share, for a total transaction of £49,515.75 ($64,802.71). 1.78% of the stock is owned by company insiders.
Dowlais Group Company Profile
(
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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.
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