Dewhurst Group (LON:DWHT) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Dewhurst Group Plc (LON:DWHT) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,111.35 ($14.33) and traded as high as GBX 1,137 ($14.66). Dewhurst Group shares last traded at GBX 1,137 ($14.66), with a volume of 1,222 shares trading hands.

Dewhurst Group Price Performance

The firm has a market capitalization of £75.49 million, a P/E ratio of 9.29 and a beta of 0.54. The company has a debt-to-equity ratio of 3.94, a quick ratio of 3.69 and a current ratio of 4.36. The firm has a 50-day moving average of GBX 1,084.89 and a 200-day moving average of GBX 1,111.35.

Dewhurst Group (LON:DWHT) last released its quarterly earnings data on Thursday, December 12th. The company reported GBX 66.58 ($0.86) earnings per share (EPS) for the quarter. Dewhurst Group had a return on equity of 8.43% and a net margin of 8.54%. As a group, analysts predict that Dewhurst Group Plc will post 99.7495826 EPS for the current year.

Dewhurst Group Increases Dividend

The business also recently announced a dividend, which was paid on Wednesday, February 26th. Shareholders of record on Thursday, January 16th were paid a dividend of GBX 11.50 ($0.15) per share. The ex-dividend date was Thursday, January 16th. This is a positive change from Dewhurst Group’s previous dividend of $5.00. This represents a yield of 1.05%. Dewhurst Group’s payout ratio is currently 13.08%.

About Dewhurst Group

Dewhurst Group Plc manufactures and sells electrical components and control equipment for industrial and commercial capital goods in the United Kingdom, Europe, the Americas, Asia, Australia, and internationally. The company's products portfolio includes accessories; auxiliaries; destination controls; displays, such as dot matrix displays, LCD displays, touch panel, and accessories; fixtures; hidden legends; hygiene plus products; key switches; keypads; lanterns and gongs; pushbuttons; and switching ranges.