Serco Group (LON:SRP) Stock Crosses Above Two Hundred Day Moving Average of $166.40

Serco Group plc (LON:SRP)’s stock price crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 166.40 ($2.07) and traded as high as GBX 180.30 ($2.24). Serco Group shares last traded at GBX 178.10 ($2.22), with a volume of 1,784,201 shares traded.

Wall Street Analyst Weigh In

Separately, Shore Capital reissued a “buy” rating on shares of Serco Group in a report on Monday, February 26th.

Serco Group Price Performance

The business has a 50-day moving average of GBX 184.28 and a 200 day moving average of GBX 166.40. The firm has a market capitalization of £1.92 billion, a PE ratio of 989.44, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The company has a current ratio of 0.87, a quick ratio of 0.98 and a debt-to-equity ratio of 63.84.

Serco Group Increases Dividend

The firm also recently disclosed a dividend, which will be paid on Friday, May 10th. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 2.27 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 18th. This is an increase from Serco Group’s previous dividend of $1.14. This represents a yield of 1.27%. Serco Group’s dividend payout ratio is 1,666.67%.

Insider Buying and Selling

In other Serco Group news, insider Nigel Crossley sold 212,403 shares of the firm’s stock in a transaction dated Monday, April 8th. The stock was sold at an average price of GBX 186 ($2.32), for a total value of £395,069.58 ($491,808.27). 2.00% of the stock is owned by insiders.

About Serco Group

Serco Group plc provides public services in the United Kingdom, Europe, North America, the Asia Pacific, and the Middle East. It offers service design and advisory, resourcing, programmes management, systems integration, case management, engineering, and assets and facilities management services. The company also provides administrative and back office, asylum seeker accommodation or passenger transport services; supports in the decarbonization journeys of customers and society, including installation of ground source heat pumps, solar panels, and energy efficiency upgrades; ecosystem restoration and biodiversity services comprising plantation; reforestation services; and a rage of support services for environmental protection.