PageGroup (LON:PAGE) Stock Crosses Below 50-Day Moving Average - What's Next?

PageGroup plc (LON:PAGE - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 324.80 ($4.13) and traded as low as GBX 294.20 ($3.74). PageGroup shares last traded at GBX 296.60 ($3.78), with a volume of 283,898 shares changing hands.

PageGroup Stock Down 9.3 %

The business has a 50 day simple moving average of GBX 322.17 and a 200 day simple moving average of GBX 342.88. The company has a market capitalization of £787.77 million, a price-to-earnings ratio of 15.56, a PEG ratio of 0.98 and a beta of 1.11. The company has a debt-to-equity ratio of 40.35, a current ratio of 1.60 and a quick ratio of 1.77.

PageGroup (LON:PAGE - Get Free Report) last posted its earnings results on Thursday, March 6th. The company reported GBX 9.10 ($0.12) earnings per share (EPS) for the quarter. PageGroup had a return on equity of 17.47% and a net margin of 2.71%. As a group, equities analysts predict that PageGroup plc will post 23.5923567 earnings per share for the current fiscal year.

PageGroup Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Monday, June 23rd. Stockholders of record on Thursday, May 15th will be paid a GBX 11.75 ($0.15) dividend. This is a positive change from PageGroup's previous dividend of $5.36. The ex-dividend date of this dividend is Thursday, May 15th. This represents a dividend yield of 3.44%. PageGroup's dividend payout ratio (DPR) is presently 105.21%.

Insider Activity at PageGroup

In related news, insider Nick Kirk sold 29,749 shares of PageGroup stock in a transaction on Monday, March 17th. The stock was sold at an average price of GBX 336 ($4.28), for a total value of £99,956.64 ($127,236.05). Company insiders own 5.42% of the company's stock.

PageGroup Company Profile

PageGroup Changes Lives… That's our PageGroup Purpose, delivered by c. 8,500 people in 37 countries, with a gross profit of over £1,076.3mm in 2022. Our four core  PageGroup brands are supported by specialised recruitment teams operating across 25 disciplines. As a FTSE 250 company, a lot has changed since we were set up in 1976 and the Group continues to grow and evolve.