Costain Group (LON:COST) Stock Passes Above 200 Day Moving Average – Here’s What Happened

Shares of Costain Group PLC (LON:COST) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 104.85 ($1.39) and traded as high as GBX 120.60 ($1.60). Costain Group shares last traded at GBX 120.20 ($1.60), with a volume of 2,412,784 shares trading hands.

Costain Group Stock Up 0.8 %

The firm’s 50-day simple moving average is GBX 106.81 and its 200 day simple moving average is GBX 104.85. The company has a debt-to-equity ratio of 9.86, a quick ratio of 1.32 and a current ratio of 1.40. The stock has a market capitalization of £321.95 million, a P/E ratio of 10.73, a PEG ratio of 1.63 and a beta of 2.64.

Costain Group (LON:COST) last issued its quarterly earnings results on Tuesday, March 11th. The company reported GBX 14.60 ($0.19) EPS for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. As a group, research analysts expect that Costain Group PLC will post 13.7551582 EPS for the current year.

Costain Group Increases Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, April 17th will be issued a dividend of GBX 2 ($0.03) per share. This represents a yield of 1.89%. This is an increase from Costain Group’s previous dividend of $0.40. The ex-dividend date is Thursday, April 17th. Costain Group’s payout ratio is presently 8.93%.

Costain Group Company Profile

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.