Morgan Sindall Group (LON:MGNS) Trading Up 12.8% - Here's What Happened

Morgan Sindall Group plc (LON:MGNS - Get Free Report) shares traded up 12.8% on Tuesday . The company traded as high as GBX 3,675 ($47.71) and last traded at GBX 3,665 ($47.59). 321,612 shares traded hands during mid-day trading, an increase of 212% from the average session volume of 103,161 shares. The stock had previously closed at GBX 3,250 ($42.20).

Morgan Sindall Group Trading Up 20.0 %

The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The company's 50-day moving average price is GBX 3,035.13 and its 200-day moving average price is GBX 2,705.04. The firm has a market capitalization of £1.83 billion, a PE ratio of 1,480.92, a PEG ratio of -68.20 and a beta of 1.31.

Morgan Sindall Group Cuts Dividend

The firm also recently disclosed a dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 3rd will be issued a GBX 41.50 ($0.54) dividend. The ex-dividend date is Thursday, October 3rd. This represents a dividend yield of 1.5%. Morgan Sindall Group's payout ratio is currently 4,580.15%.

Insider Buying and Selling

In related news, insider Kelly Gangotra bought 975 shares of the stock in a transaction dated Friday, September 27th. The stock was acquired at an average price of GBX 3,030 ($39.34) per share, for a total transaction of £29,542.50 ($38,356.92). 11.05% of the stock is owned by company insiders.

About Morgan Sindall Group

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through six segments: Construction, Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration. The Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets.