Harworth Group (LON:HWG) Shares Pass Below 50-Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG)’s stock price crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 137.01 and traded as low as GBX 125.80. Harworth Group shares last traded at GBX 129, with a volume of 135,546 shares trading hands.

Harworth Group Price Performance

The stock’s 50-day moving average is GBX 137.01 and its 200 day moving average is GBX 154.83. The company has a debt-to-equity ratio of 24.93, a current ratio of 457.81 and a quick ratio of 1.13. The company has a market cap of £423.55 million, a PE ratio of 46.57 and a beta of 0.56.

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

Insider Activity at Harworth Group

In other news, insider Phil Redding bought 40,000 shares of the firm’s stock in a transaction that occurred on Monday, March 23rd. The stock was bought at an average price of GBX 158 per share, with a total value of £63,200. Also, insider Alastair Lyons CBE bought 31,610 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The shares were purchased at an average cost of GBX 155 per share, with a total value of £48,995.50. Insiders bought 94,168 shares of company stock valued at $14,704,851 over the last 90 days. Insiders own 1.50% 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.