Dowlais Group (LON:DWL) Reaches New 12-Month Low at $78.00

Dowlais Group plc (LON:DWL) shares reached a new 52-week low during mid-day trading on Wednesday . The stock traded as low as GBX 78 ($0.99) and last traded at GBX 79.20 ($1.00), with a volume of 3662842 shares traded. The stock had previously closed at GBX 78.48 ($0.99).

Wall Street Analyst Weigh In

Separately, Royal Bank of Canada reaffirmed an “outperform” rating and issued a GBX 150 ($1.90) price target on shares of Dowlais Group in a research note on Friday, March 22nd. One analyst has rated the stock with a sell rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of GBX 176.67 ($2.23).

Dowlais Group Price Performance

The business’s fifty day moving average price is GBX 87.52 and its 200 day moving average price is GBX 98. The stock has a market cap of £1.08 billion and a P/E ratio of -1,560.00.

Dowlais Group Increases Dividend

The business also recently announced a dividend, which will be paid on Thursday, May 30th. Shareholders of record on Thursday, April 18th will be paid a dividend of GBX 2.80 ($0.04) per share. This represents a dividend yield of 3.11%. The ex-dividend date is Thursday, April 18th. This is a boost from Dowlais Group’s previous dividend of $1.40. Dowlais Group’s payout ratio is presently -6,000.00%.

Insider Transactions at Dowlais Group

In other news, insider Roberto Fioroni acquired 167,179 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The shares were bought at an average price of GBX 81 ($1.02) per share, with a total value of £135,414.99 ($171,129.77). Company insiders own 1.66% of the company’s stock.

About Dowlais Group

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.