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OSB Group (LON:OSB) Stock Price Crosses Below 200 Day Moving Average - Should You Sell?

OSB Group logo with Financial Services background

OSB Group Plc (LON:OSB - Get Free Report)'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 427.19 ($5.59) and traded as low as GBX 384.40 ($5.03). OSB Group shares last traded at GBX 385.60 ($5.05), with a volume of 566,637 shares trading hands.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the company. Shore Capital restated a "buy" rating on shares of OSB Group in a research note on Thursday, August 15th. Berenberg Bank dropped their target price on OSB Group from GBX 660 ($8.64) to GBX 580 ($7.59) and set a "buy" rating for the company in a report on Thursday, August 15th.

Check Out Our Latest Stock Report on OSB Group

OSB Group Stock Performance

The firm has a market capitalization of £1.46 billion, a P/E ratio of 401.67 and a beta of 1.41. The business has a 50 day simple moving average of GBX 400.51 and a two-hundred day simple moving average of GBX 427.60.

OSB Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, September 20th. Shareholders of record on Thursday, August 22nd were paid a dividend of GBX 10.70 ($0.14) per share. This represents a yield of 2.21%. The ex-dividend date was Thursday, August 22nd. OSB Group's dividend payout ratio (DPR) is currently 3,437.50%.

Insider Activity

In other news, insider Victoria Hyde sold 647 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.83), for a total value of £2,387.43 ($3,124.50). In other OSB Group news, insider Henry Daubeney purchased 20,000 shares of the stock in a transaction on Monday, August 19th. The stock was acquired at an average price of GBX 382 ($5.00) per share, with a total value of £76,400 ($99,986.91). Also, insider Victoria Hyde sold 647 shares of the business's stock in a transaction that occurred on Monday, September 9th. The shares were sold at an average price of GBX 369 ($4.83), for a total value of £2,387.43 ($3,124.50). Corporate insiders own 0.86% of the company's stock.

About OSB Group

(Get Free Report)

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services.

Further Reading

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