OSB Group (LON:OSB) Share Price Crosses Below 200 Day Moving Average – Here’s What Happened

OSB Group Plc (LON:OSB) shares passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 402.16 ($5.14) and traded as low as GBX 391 ($5.00). OSB Group shares last traded at GBX 409.40 ($5.23), with a volume of 37,261,652 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “buy” rating on shares of OSB Group in a research report on Friday, March 14th.

OSB Group Price Performance

The company has a 50 day moving average of GBX 428.87 and a two-hundred day moving average of GBX 402.16. The company has a market capitalization of £1.49 billion, a PE ratio of 4.01 and a beta of 1.41.

OSB Group (LON:OSB) last issued its quarterly earnings results on Friday, March 14th. The company reported GBX 82.20 ($1.05) earnings per share (EPS) for the quarter. OSB Group had a net margin of 27.26% and a return on equity of 18.78%. On average, equities analysts anticipate that OSB Group Plc will post 85.1214128 EPS for the current year.

OSB Group Announces Dividend

The business also recently declared a dividend, which will be paid on Thursday, April 10th. Stockholders of record on Thursday, April 3rd will be given a GBX 22.90 ($0.29) dividend. The ex-dividend date of this dividend is Thursday, April 3rd. This represents a dividend yield of 4.99%. OSB Group’s dividend payout ratio is currently 32.89%.

Insider Buying and Selling

In related news, insider Victoria Hyde sold 1,137 shares of the stock in a transaction dated Monday, March 17th. The shares were sold at an average price of GBX 455 ($5.81), for a total transaction of £5,173.35 ($6,610.47). Also, insider Andy Golding sold 5,399 shares of OSB Group stock in a transaction dated Tuesday, March 25th. The stock was sold at an average price of GBX 449 ($5.74), for a total transaction of £24,241.51 ($30,975.61). Insiders have sold 33,860 shares of company stock worth $15,619,822 in the last 90 days. Insiders own 0.85% of the company’s stock.

About OSB Group

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services.