Serco Group (LON:SRP) Stock Price Passes Above 200-Day Moving Average of $169.92

Serco Group plc (LON:SRP) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 169.92 ($2.13) and traded as high as GBX 182.40 ($2.29). Serco Group shares last traded at GBX 181.30 ($2.28), with a volume of 3,388,485 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital reaffirmed a “buy” rating on shares of Serco Group in a report on Monday, February 26th.

Serco Group Stock Performance

The company has a quick ratio of 0.98, a current ratio of 0.87 and a debt-to-equity ratio of 63.84. The company has a market capitalization of £1.97 billion, a PE ratio of 1,010.56, a PEG ratio of 3.06 and a beta of 0.38. The stock’s fifty day simple moving average is GBX 184.54 and its 200-day simple moving average is GBX 169.92.

Serco Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be given a GBX 2.27 ($0.03) dividend. The ex-dividend date is Thursday, April 18th. This is a positive change from Serco Group’s previous dividend of $1.14. This represents a dividend yield of 1.27%. Serco Group’s dividend payout ratio is currently 1,666.67%.

Insider Activity

In related news, insider Nigel Crossley sold 212,403 shares of the firm’s stock in a transaction that occurred on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.34), for a total transaction of £395,069.58 ($496,318.57). Company insiders own 2.14% of the company’s stock.

Serco Group Company Profile

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.