Dowlais Group plc (LON:DWL - Get Free Report) shares hit a new 52-week low on Thursday . The company traded as low as GBX 49.61 ($0.65) and last traded at GBX 50.55 ($0.66), with a volume of 16579701 shares. The stock had previously closed at GBX 50.65 ($0.66).
Analyst Upgrades and Downgrades
DWL has been the topic of a number of recent research reports. Jefferies Financial Group cut their price objective on shares of Dowlais Group from GBX 135 ($1.76) to GBX 110 ($1.44) and set a "buy" rating on the stock in a report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of Dowlais Group from GBX 100 ($1.31) to GBX 90 ($1.18) and set a "neutral" rating on the stock in a research note on Monday, July 1st.
Get Our Latest Research Report on DWL
Dowlais Group Price Performance
The firm's 50 day moving average price is GBX 59.97 and its 200-day moving average price is GBX 68.79. The stock has a market cap of £677.82 million and a P/E ratio of -137.84.
Dowlais Group Cuts Dividend
The business also recently disclosed a dividend, which was paid on Friday, October 4th. Investors 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 yield of 2.28%. Dowlais Group's dividend payout ratio (DPR) is -1,081.08%.
Insider Activity at Dowlais Group
In other Dowlais Group news, insider Roberto Fioroni bought 83,925 shares of Dowlais Group stock in a transaction on Tuesday, August 13th. The stock was acquired at an average cost of GBX 59 ($0.77) per share, with a total value of £49,515.75 ($64,658.85). 1.78% of the stock is owned by insiders.
About Dowlais Group
(
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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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