Kingspan Group (LON:KGP) Share Price Passes Below 200 Day Moving Average of $74.06

Shares of Kingspan Group plc (LON:KGPGet Rating) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 74.06 ($0.89) and traded as low as GBX 56.22 ($0.68). Kingspan Group shares last traded at GBX 56.64 ($0.68), with a volume of 5,285 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital restated a “buy” rating on shares of Kingspan Group in a research note on Friday, August 19th.

Kingspan Group Stock Performance

The company has a current ratio of 1.56, a quick ratio of 0.94 and a debt-to-equity ratio of 53.90. The business’s 50 day moving average is GBX 59.04 and its two-hundred day moving average is GBX 74.06. The company has a market cap of £102.90 million and a PE ratio of 16.91.

Kingspan Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 7th. Investors of record on Thursday, September 8th will be paid a dividend of €0.26 ($0.26) per share. This represents a dividend yield of 0.44%. The ex-dividend date is Thursday, September 8th. Kingspan Group’s dividend payout ratio (DPR) is 1,552.24%.

About Kingspan Group

(Get Rating)

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in the Republic of Ireland, the United Kingdom, rest of Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation, Light & Air, Water & Energy, and Data & Flooring.

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