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

Harworth Group plc (LON:HWG)’s stock price passed 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 traded.

Harworth Group Stock Performance

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

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

Insiders Place Their Bets

In related news, insider Phil Redding bought 40,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were bought at an average price of GBX 158 per share, with a total value of £63,200. Also, insider Lynda Shillaw bought 21,764 shares of the company’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of GBX 155 per share, for a total transaction of £33,734.20. In the last quarter, insiders have purchased 94,168 shares of company stock valued at $14,704,851. 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.