Kingspan Group (LON:KGP) Shares Pass Above 200-Day Moving Average of $55.74

Kingspan Group plc (LON:KGP – Get Rating) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 55.74 ($0.68) and traded as high as GBX 62.90 ($0.77). Kingspan Group shares last traded at GBX 62.90 ($0.77), with a volume of 1,346 shares.

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “buy” rating on shares of Kingspan Group in a research note on Tuesday, February 21st.

Kingspan Group Price Performance

The company has a debt-to-equity ratio of 70.26, a quick ratio of 0.94 and a current ratio of 1.78. The company’s 50 day moving average price is GBX 60.73 and its 200 day moving average price is GBX 55.74. The company has a market cap of £114.37 million, a price-to-earnings ratio of 19.78 and a beta of 0.86.

Kingspan Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Tuesday, May 9th. Stockholders of record on Thursday, April 13th will be paid a €0.24 ($0.26) dividend. The ex-dividend date of this dividend is Thursday, April 13th. This represents a dividend yield of 0.4%. Kingspan Group’s dividend payout ratio is presently 1,540.88%.

Kingspan Group Company Profile

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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.