PageGroup (LON:PAGE) Stock Passes Below Fifty Day Moving Average - Here's Why

PageGroup plc (LON:PAGE - Get Free Report)'s stock price passed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 324.80 ($4.19) and traded as low as GBX 294.20 ($3.79). PageGroup shares last traded at GBX 296.60 ($3.82), with a volume of 283,898 shares trading hands.

PageGroup Stock Down 4.8 %

The firm has a 50-day moving average price of GBX 323.52 and a two-hundred day moving average price of GBX 344.02. The company has a market capitalization of £868.27 million, a P/E ratio of 17.15, a PEG ratio of 0.98 and a beta of 1.11. The company has a quick ratio of 1.77, a current ratio of 1.60 and a debt-to-equity ratio of 40.35.

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

PageGroup Increases Dividend

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

Remove Ads

Insider Activity at PageGroup

In other PageGroup news, insider Nick Kirk sold 29,749 shares of the firm's stock in a transaction dated Monday, March 17th. The stock was sold at an average price of GBX 336 ($4.33), for a total transaction of £99,956.64 ($128,893.15). 5.42% of the stock is owned by company insiders.

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.