STV Group (LON:STVG) Reaches New 1-Year Low – Here’s Why

STV Group plc (LON:STVG) shares reached a new 52-week low during mid-day trading on Monday . The company traded as low as GBX 165 ($2.15) and last traded at GBX 166 ($2.16), with a volume of 37095 shares trading hands. The stock had previously closed at GBX 167 ($2.17).

Wall Street Analyst Weigh In

Separately, Shore Capital reiterated a “house stock” rating on shares of STV Group in a research report on Tuesday, March 11th.

STV Group Stock Down 0.3 %

The business has a 50-day simple moving average of GBX 192.57 and a two-hundred day simple moving average of GBX 218.76. The stock has a market capitalization of £76.62 million, a P/E ratio of 11.20 and a beta of 0.09. The company has a quick ratio of 1.09, a current ratio of 1.51 and a debt-to-equity ratio of -14,440.00.

STV Group (LON:STVG) last announced its quarterly earnings results on Wednesday, March 12th. The company reported GBX 29 ($0.38) earnings per share for the quarter. STV Group had a negative return on equity of 172.50% and a net margin of 3.76%. Equities research analysts forecast that STV Group plc will post 30.3860523 earnings per share for the current fiscal year.

STV Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 30th. Shareholders of record on Thursday, April 17th will be given a GBX 7.40 ($0.10) dividend. This represents a yield of 4.5%. This is a boost from STV Group’s previous dividend of $3.90. The ex-dividend date is Thursday, April 17th. STV Group’s dividend payout ratio is 75.10%.

STV Group Company Profile

STV is Scotland’s home of news, entertainment and drama, serving audiences with quality content on air, online and on demand.

STV’s broadcast channel reaches 2.8 million viewers each month, while rapidly growing, free streaming service STV Player, features a library of premium content and is available on all major platforms across the UK.