Dowlais Group (LON:DWL) Sets New 52-Week Low – Should You Sell?

Shares of Dowlais Group plc (LON:DWL) hit a new 52-week low on Monday . The stock traded as low as GBX 46.98 ($0.60) and last traded at GBX 47.70 ($0.61), with a volume of 3758907 shares changing hands. The stock had previously closed at GBX 53.20 ($0.68).

Dowlais Group Stock Performance

The firm has a 50-day moving average of GBX 66.40 and a 200-day moving average of GBX 61.77. The firm has a market capitalization of £670.47 million and a P/E ratio of -1.30.

Dowlais Group (LON:DWL) last announced its earnings results on Wednesday, March 5th. The company reported GBX 11.40 ($0.15) EPS for the quarter. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%. Equities analysts anticipate that Dowlais Group plc will post 13.5660848 EPS for the current fiscal year.

Dowlais Group Increases Dividend

The company also recently declared a dividend, which will be paid on Thursday, May 29th. Investors of record on Thursday, April 17th will be paid a GBX 2.80 ($0.04) dividend. This represents a yield of 4.27%. This is a boost from Dowlais Group’s previous dividend of $1.40. The ex-dividend date is Thursday, April 17th. Dowlais Group’s dividend payout ratio is presently -10.52%.

Insider Buying and Selling at Dowlais Group

In other Dowlais Group news, insider Liam Butterworth bought 86,532 shares of the stock in a transaction dated Monday, March 10th. The stock was purchased at an average cost of GBX 67 ($0.86) per share, for a total transaction of £57,976.44 ($74,081.83). Insiders own 1.78% of the company’s stock.

About Dowlais Group

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.