Harworth Group (LON:HWG) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Harworth Group plc (LON:HWG)’s stock price crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 134.24 and traded as low as GBX 128.80. Harworth Group shares last traded at GBX 130, with a volume of 2,766,408 shares traded.

Harworth Group Stock Performance

The stock has a market cap of £422.76 million, a price-to-earnings ratio of 46.43 and a beta of 0.56. The stock’s 50 day moving average is GBX 134.24 and its two-hundred day moving average is GBX 153.49. The company has a current ratio of 457.81, a quick ratio of 1.13 and a debt-to-equity ratio of 24.93.

Harworth Group (LON:HWG) last issued its quarterly earnings results on Tuesday, March 17th. The company reported GBX 2.90 earnings per share for the quarter. Harworth Group had a net margin of 7.25% and a return on equity of 1.36%. Analysts anticipate that Harworth Group plc will post 15.3212521 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Harworth Group news, insider Lynda Shillaw purchased 21,764 shares of the firm’s stock in a transaction that occurred on Friday, March 20th. The stock was purchased at an average price of GBX 155 per share, for a total transaction of £33,734.20. Also, insider Alastair Lyons CBE purchased 31,610 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average price of GBX 155 per share, with a total value of £48,995.50. Insiders acquired a total of 93,989 shares of company stock worth $14,674,958 in the last 90 days. Company insiders own 1.53% of the company’s stock.

About Harworth Group

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments. Visit www.harworthgroup.com for further information.