Harworth Group (LON:HWG) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Harworth Group plc (LON:HWG)’s stock price passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 141.18 and traded as low as GBX 124. Harworth Group shares last traded at GBX 124, with a volume of 259,319 shares traded.

Harworth Group Trading Down 0.8%

The business has a 50 day simple moving average of GBX 141.18 and a 200-day simple moving average of GBX 156.52. 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 stock has a market capitalization of £399.52 million, a price-to-earnings ratio of 43.93 and a beta of 0.63.

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

Insider Activity

In other news, insider Phil Redding acquired 40,000 shares of Harworth Group stock in a transaction dated Monday, March 23rd. The shares were acquired at an average cost of GBX 158 per share, with a total value of £63,200. Also, insider Alastair Lyons CBE acquired 31,610 shares of Harworth Group stock in a transaction dated Thursday, March 19th. The stock was purchased at an average cost of GBX 155 per share, for a total transaction of £48,995.50. Insiders have bought 93,993 shares of company stock valued at $14,683,151 in the last three months. Corporate 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.