Dowlais Group (LON:DWL) Hits New 1-Year Low – Here’s What Happened

Dowlais Group plc (LON:DWL) reached a new 52-week low during trading on Monday . The company traded as low as GBX 46.98 ($0.61) and last traded at GBX 47.70 ($0.61), with a volume of 3758907 shares trading hands. The stock had previously closed at GBX 53.20 ($0.69).

Dowlais Group Stock Performance

The firm has a market capitalization of £660.01 million and a P/E ratio of -1.28. The firm has a 50 day simple moving average of GBX 67.49 and a two-hundred day simple moving average of GBX 62.01.

Dowlais Group (LON:DWL) last released its quarterly earnings results on Wednesday, March 5th. The company reported GBX 11.40 ($0.15) earnings per share for the quarter. Dowlais Group had a negative net margin of 11.24% and a negative return on equity of 21.02%. Sell-side analysts anticipate that Dowlais Group plc will post 13.5660848 earnings per share for the current year.

Dowlais Group Increases Dividend

The business also recently disclosed a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, April 17th will be issued a dividend of GBX 2.80 ($0.04) per share. This represents a yield of 4.27%. The ex-dividend date of this dividend is Thursday, April 17th. This is an increase from Dowlais Group’s previous dividend of $1.40. Dowlais Group’s dividend payout ratio (DPR) is -10.52%.

Insider Buying and Selling at Dowlais Group

In other news, insider Liam Butterworth purchased 86,532 shares of the company’s stock in a transaction dated Monday, March 10th. The shares were purchased at an average price of GBX 67 ($0.86) per share, with a total value of £57,976.44 ($74,731.17). Corporate insiders own 1.78% of the company’s stock.

About Dowlais Group

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.