PageGroup (LON:PAGE) Hits New 52-Week Low – Here’s What Happened

Shares of PageGroup plc (LON:PAGE) reached a new 52-week low during mid-day trading on Thursday . The company traded as low as GBX 290 ($3.77) and last traded at GBX 293.60 ($3.81), with a volume of 144595 shares traded. The stock had previously closed at GBX 296.60 ($3.85).

PageGroup Stock Performance

The company has a 50 day moving average price of GBX 324.80 and a 200 day moving average price of GBX 345.08. The company has a market capitalization of £919.38 million, a price-to-earnings ratio of 18.16, a P/E/G ratio of 0.98 and a beta of 1.11. The company has a debt-to-equity ratio of 40.35, a quick ratio of 1.77 and a current ratio of 1.60.

PageGroup (LON:PAGE) last issued its earnings results on Thursday, March 6th. The company reported GBX 9.10 ($0.12) earnings per share (EPS) for the quarter. PageGroup had a return on equity of 17.47% and a net margin of 2.71%. Equities research analysts predict that PageGroup plc will post 23.5923567 earnings per share for the current fiscal year.

PageGroup Increases Dividend

The business also recently declared a dividend, which will be paid on Monday, June 23rd. Shareholders of record on Thursday, May 15th will be paid a dividend of GBX 11.75 ($0.15) per share. The ex-dividend date is Thursday, May 15th. This represents a yield of 3.44%. This is an increase from PageGroup’s previous dividend of $5.36. PageGroup’s payout ratio is 105.21%.

Insider Transactions at PageGroup

In related news, insider Nick Kirk sold 29,749 shares of the stock in a transaction that occurred on Monday, March 17th. The stock was sold at an average price of GBX 336 ($4.36), for a total transaction of £99,956.64 ($129,796.96). Company insiders own 5.42% of the company’s stock.

About PageGroup

PageGroup Changes Lives…

That’s our PageGroup Purpose, delivered by c. 8,500 people in 37 countries, with a gross profit of over £1,076.3mm in 2022. Our four core  PageGroup brands are supported by specialised recruitment teams operating across 25 disciplines.

As a FTSE 250 company, a lot has changed since we were set up in 1976 and the Group continues to grow and evolve.