Dowlais Group (LON:DWL) Shares Up 0.7% – Still a Buy?

Dowlais Group plc (LON:DWL) traded up 0.7% during trading on Tuesday . The stock traded as high as GBX 62.10 ($0.81) and last traded at GBX 60.85 ($0.80). 5,518,808 shares changed hands during mid-day trading, a decline of 55% from the average session volume of 12,160,236 shares. The stock had previously closed at GBX 60.45 ($0.79).

Dowlais Group Stock Performance

The company’s 50-day moving average price is GBX 67.79 and its 200 day moving average price is GBX 62.07. The stock has a market capitalization of £788.39 million and a PE ratio of -1.53.

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

Dowlais Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Thursday, May 29th. Shareholders of record on Thursday, April 17th will be issued a GBX 2.80 ($0.04) dividend. This is a positive change from Dowlais Group’s previous dividend of $1.40. The ex-dividend date is Thursday, April 17th. This represents a dividend yield of 4.27%. Dowlais Group’s dividend payout ratio (DPR) is presently -10.52%.

Insiders Place Their Bets

In related news, insider Liam Butterworth purchased 86,532 shares of Dowlais Group stock in a transaction on Monday, March 10th. The stock was acquired at an average price of GBX 67 ($0.88) per share, for a total transaction of £57,976.44 ($75,964.94). 1.78% of the stock is owned by insiders.

Dowlais Group Company Profile

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.