Costain Group (LON:COST) Stock Price Passes Above 200 Day Moving Average of $51.35

Costain Group PLC (LON:COST) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 51.35 ($0.64) and traded as high as GBX 61 ($0.76). Costain Group shares last traded at GBX 60 ($0.75), with a volume of 494,658 shares.

Costain Group Stock Performance

The company has a debt-to-equity ratio of 11.41, a quick ratio of 1.32 and a current ratio of 1.28. The firm’s 50 day simple moving average is GBX 51.17 and its 200-day simple moving average is GBX 51.46. The company has a market cap of £166.01 million, a price-to-earnings ratio of 750.00, a PEG ratio of 1.63 and a beta of 2.44.

Costain Group Cuts Dividend

The firm also recently announced a dividend, which will be paid on Friday, October 27th. Shareholders of record on Thursday, September 21st will be paid a dividend of GBX 0.40 ($0.01) per share. The ex-dividend date is Thursday, September 21st. This represents a yield of 0.69%. Costain Group’s dividend payout ratio (DPR) is presently 1,250.00%.

Insiders Place Their Bets

In other news, insider Kate Rock purchased 50,000 shares of the stock in a transaction dated Wednesday, September 6th. The shares were purchased at an average price of GBX 59 ($0.74) per share, with a total value of £29,500 ($36,916.53). 22.04% of the stock is currently owned by corporate insiders.

Costain Group Company Profile

Costain Group PLC provides smart infrastructure solutions for the transportation, energy, water, and defense markets in the United Kingdom. The company operates through two segments, Transportation and Natural Resources. The Transportation segment operates in the road, rail, and integrated transport markets.