Dewhurst Group (LON:DWHT) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Dewhurst Group Plc (LON:DWHT) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 1,111.35 ($14.33) and traded as high as GBX 1,137 ($14.66). Dewhurst Group shares last traded at GBX 1,137 ($14.66), with a volume of 1,222 shares changing hands.

Dewhurst Group Trading Up 3.4 %

The company has a debt-to-equity ratio of 3.94, a current ratio of 4.36 and a quick ratio of 3.69. The firm has a market capitalization of £75.49 million, a P/E ratio of 9.29 and a beta of 0.54. The firm has a fifty day simple moving average of GBX 1,084.89 and a two-hundred day simple moving average of GBX 1,111.35.

Dewhurst Group (LON:DWHT) last posted its earnings results on Thursday, December 12th. The company reported GBX 66.58 ($0.86) earnings per share (EPS) for the quarter. Dewhurst Group had a return on equity of 8.43% and a net margin of 8.54%. On average, equities research analysts anticipate that Dewhurst Group Plc will post 99.7495826 earnings per share for the current fiscal year.

Dewhurst Group Increases Dividend

The company also recently announced a dividend, which was paid on Wednesday, February 26th. Shareholders of record on Thursday, January 16th were issued a dividend of GBX 11.50 ($0.15) per share. This is an increase from Dewhurst Group’s previous dividend of $5.00. The ex-dividend date was Thursday, January 16th. This represents a dividend yield of 1.05%. Dewhurst Group’s dividend payout ratio is 13.08%.

About Dewhurst Group

Dewhurst Group Plc manufactures and sells electrical components and control equipment for industrial and commercial capital goods in the United Kingdom, Europe, the Americas, Asia, Australia, and internationally. The company's products portfolio includes accessories; auxiliaries; destination controls; displays, such as dot matrix displays, LCD displays, touch panel, and accessories; fixtures; hidden legends; hygiene plus products; key switches; keypads; lanterns and gongs; pushbuttons; and switching ranges.