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OSB Group (LON:OSB) Stock Price Passes Below 200-Day Moving Average - Here's Why

OSB Group logo with Financial Services background

Shares of OSB Group Plc (LON:OSB - Get Free Report) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 402.16 ($5.26) and traded as low as GBX 391 ($5.12). OSB Group shares last traded at GBX 409.40 ($5.36), with a volume of 37,261,652 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital restated a "buy" rating on shares of OSB Group in a research report on Friday, March 14th.

Check Out Our Latest Report on OSB

OSB Group Stock Performance

The stock has a market cap of £1.54 billion, a PE ratio of 4.14 and a beta of 1.41. The company has a 50 day moving average of GBX 428.03 and a two-hundred day moving average of GBX 402.64.

OSB Group (LON:OSB - Get Free Report) last announced its earnings results on Friday, March 14th. The company reported GBX 82.20 ($1.08) earnings per share (EPS) for the quarter. OSB Group had a return on equity of 18.78% and a net margin of 27.26%. As a group, equities research analysts anticipate that OSB Group Plc will post 85.1214128 EPS for the current year.

OSB Group Dividend Announcement

The company also recently disclosed a dividend, which was paid on Thursday, April 10th. Investors of record on Thursday, April 3rd were paid a GBX 22.90 ($0.30) dividend. This represents a yield of 4.99%. The ex-dividend date of this dividend was Thursday, April 3rd. OSB Group's dividend payout ratio is currently 32.89%.

Insider Transactions at OSB Group

In other news, insider Andy Golding sold 5,399 shares of the stock in a transaction on Tuesday, March 25th. The stock was sold at an average price of GBX 449 ($5.87), for a total transaction of £24,241.51 ($31,717.27). Also, insider Victoria Hyde sold 1,137 shares of the business's stock in a transaction that occurred on Monday, March 17th. The shares were sold at an average price of GBX 455 ($5.95), for a total transaction of £5,173.35 ($6,768.74). Over the last three months, insiders have sold 33,860 shares of company stock valued at $15,619,822. Corporate insiders own 0.85% 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.

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