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

Shares of Costain Group PLC (LON:COST) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 111.36 ($1.52) and traded as high as GBX 148.20 ($2.02). Costain Group shares last traded at GBX 142.20 ($1.94), with a volume of 1,100,933 shares changing hands.

Costain Group Trading Up 1.8%

The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86. The firm has a 50-day moving average price of GBX 126.58 and a 200-day moving average price of GBX 111.36. The company has a market capitalization of £387.84 million, a price-to-earnings ratio of 12.93, a PEG ratio of 1.63 and a beta of 2.64.

Insider Activity

In related news, insider Alex Vaughan sold 241,639 shares of the business’s stock in a transaction that occurred on Tuesday, June 24th. The shares were sold at an average price of GBX 144 ($1.97), for a total value of £347,960.16 ($475,160.67). Also, insider Helen Willis sold 100,082 shares of the stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 142 ($1.94), for a total value of £142,116.44 ($194,068.61). In the last 90 days, insiders have sold 612,435 shares of company stock valued at $87,561,906. Insiders own 6.43% of the company’s stock.

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.