Vesuvius (LON:VSVS) Shares Pass Above 200-Day Moving Average of $462.78

Shares of Vesuvius plc (LON:VSVS) passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 462.78 ($5.81) and traded as high as GBX 488.50 ($6.14). Vesuvius shares last traded at GBX 480.50 ($6.04), with a volume of 166,956 shares traded.

Wall Street Analyst Weigh In

VSVS has been the topic of a number of recent analyst reports. Berenberg Bank lifted their price objective on Vesuvius from GBX 480 ($6.03) to GBX 580 ($7.29) and gave the stock a “buy” rating in a research report on Tuesday, March 5th. Jefferies Financial Group reiterated a “buy” rating and issued a GBX 675 ($8.48) price objective on shares of Vesuvius in a research report on Thursday, February 29th. Finally, JPMorgan Chase & Co. reiterated a “neutral” rating and issued a GBX 460 ($5.78) price objective on shares of Vesuvius in a research report on Tuesday, April 23rd.

Vesuvius Stock Up 0.1 %

The company has a quick ratio of 1.20, a current ratio of 1.95 and a debt-to-equity ratio of 30.47. The company has a market capitalization of £1.29 billion, a P/E ratio of 1,092.05, a price-to-earnings-growth ratio of 0.57 and a beta of 1.30. The company has a 50-day moving average of GBX 483.16 and a two-hundred day moving average of GBX 462.78.

Vesuvius Increases Dividend

The company also recently declared a dividend, which will be paid on Friday, May 31st. Investors of record on Thursday, April 18th will be given a dividend of GBX 16.20 ($0.20) per share. The ex-dividend date is Thursday, April 18th. This is a positive change from Vesuvius’s previous dividend of $6.80. This represents a dividend yield of 3.33%. Vesuvius’s payout ratio is currently 5,227.27%.

Insider Activity at Vesuvius

In related news, insider Patrick André sold 66,184 shares of Vesuvius stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.08), for a total transaction of £320,330.56 ($402,374.78). In other Vesuvius news, insider Patrick André sold 66,184 shares of Vesuvius stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.08), for a total transaction of £320,330.56 ($402,374.78). Also, insider Mark Collis acquired 8,228 shares of the stock in a transaction on Thursday, February 29th. The shares were bought at an average price of GBX 484 ($6.08) per share, with a total value of £39,823.52 ($50,023.26). 1.34% of the stock is currently owned by corporate insiders.

About Vesuvius

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry casting industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.