SSP Group (LON:SSPG) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

SSP Group plc (LON:SSPG) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 152.53 ($2.06) and traded as high as GBX 172 ($2.32). SSP Group shares last traded at GBX 169.30 ($2.29), with a volume of 1,685,381 shares.

Analysts Set New Price Targets

Separately, Shore Capital restated a “house stock” rating on shares of SSP Group in a research note on Tuesday, May 20th.

SSP Group Price Performance

The firm has a market capitalization of £1.34 billion, a P/E ratio of 176.29, a price-to-earnings-growth ratio of -0.77 and a beta of 1.88. The company has a debt-to-equity ratio of 852.29, a quick ratio of 0.66 and a current ratio of 0.44. The business has a 50 day simple moving average of GBX 152.53 and a two-hundred day simple moving average of GBX 164.87.

SSP Group (LON:SSPG) last announced its earnings results on Wednesday, May 21st. The company reported GBX (2) (($0.03)) earnings per share for the quarter. SSP Group had a return on equity of 3.64% and a net margin of 0.24%. On average, sell-side analysts expect that SSP Group plc will post 13.1004016 EPS for the current fiscal year.

SSP Group Increases Dividend

The company also recently disclosed a dividend, which was paid on Thursday, February 27th. Stockholders of record on Thursday, January 30th were issued a GBX 2.30 ($0.03) dividend. This is a boost from SSP Group’s previous dividend of $1.20. This represents a dividend yield of 1.42%. The ex-dividend date of this dividend was Thursday, January 30th. SSP Group’s dividend payout ratio is presently 209.62%.

Insider Transactions at SSP Group

In other news, insider Patrick Coveney sold 217,595 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of GBX 139 ($1.88), for a total value of £302,457.05 ($408,725.74). Company insiders own 0.66% of the company’s stock.

About SSP Group

SSP is a leading operator of food and beverage outlets in travel locations worldwide, with c.37,000 colleagues in over 600 locations across 36 countries. We operate sit-down and quick service restaurants, cafes, lounges and food-led convenience stores, principally in airports and train stations, with a portfolio of more than 550 international, national and local brands.