Costain Group (LON:COST) Stock Price Crosses Above 200 Day Moving Average – Here’s Why

Shares of Costain Group PLC (LON:COST) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 103.75 ($1.38) and traded as high as GBX 106.60 ($1.41). Costain Group shares last traded at GBX 104 ($1.38), with a volume of 563,362 shares trading hands.

Costain Group Stock Up 0.4 %

The business’s 50 day moving average is GBX 105.48 and its 200 day moving average is GBX 103.75. The company has a market cap of £278.56 million, a P/E ratio of 9.28, a P/E/G ratio of 1.63 and a beta of 2.64. The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86.

Costain Group (LON:COST) last posted its quarterly earnings data on Tuesday, March 11th. The company reported GBX 14.60 ($0.19) earnings per share for the quarter. Costain Group had a return on equity of 13.56% and a net margin of 2.33%. As a group, equities analysts anticipate that Costain Group PLC will post 13.7551582 earnings per share for the current fiscal year.

Costain Group Increases Dividend

The company also recently disclosed a dividend, which will be paid on Thursday, May 29th. Stockholders of record on Thursday, April 17th will be issued a GBX 2 ($0.03) dividend. The ex-dividend date is Thursday, April 17th. This is a positive change from Costain Group’s previous dividend of $0.40. This represents a dividend yield of 1.89%. Costain Group’s dividend payout ratio is currently 8.93%.

About Costain Group

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.