Vesuvius (LON:VSVS) Stock Crosses Below Two Hundred Day Moving Average of $458.47

Vesuvius plc (LON:VSVS)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 458.47 ($5.71) and traded as low as GBX 455 ($5.66). Vesuvius shares last traded at GBX 457.50 ($5.70), with a volume of 144,384 shares changing hands.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. Berenberg Bank lifted their target price on shares of Vesuvius from GBX 480 ($5.98) to GBX 580 ($7.22) and gave the company a “buy” rating in a research note on Tuesday, March 5th. Jefferies Financial Group restated a “buy” rating and issued a GBX 675 ($8.40) price objective on shares of Vesuvius in a research report on Thursday, February 29th.

Vesuvius Stock Performance

The firm has a fifty day simple moving average of GBX 484.25 and a 200-day simple moving average of GBX 458.47. The company has a current ratio of 1.95, a quick ratio of 1.20 and a debt-to-equity ratio of 30.47. The stock has a market cap of £1.21 billion, a price-to-earnings ratio of 1,039.77, a P/E/G ratio of 0.57 and a beta of 1.30.

Vesuvius Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, May 31st. Shareholders of record on Thursday, April 18th will be issued a dividend of GBX 16.20 ($0.20) per share. This is an increase from Vesuvius’s previous dividend of $6.80. The ex-dividend date of this dividend is Thursday, April 18th. This represents a yield of 3.33%. Vesuvius’s dividend payout ratio is currently 5,227.27%.

Insiders Place Their Bets

In other Vesuvius news, insider Patrick André sold 66,184 shares of the company’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.03), for a total transaction of £320,330.56 ($398,768.28). In other news, insider Patrick André sold 66,184 shares of the stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.03), for a total value of £320,330.56 ($398,768.28). Also, insider Mark Collis purchased 8,228 shares of the business’s stock in a transaction dated Thursday, February 29th. The stock was bought at an average cost of GBX 484 ($6.03) per share, for a total transaction of £39,823.52 ($49,574.90). Company insiders own 1.34% of the company’s stock.

About Vesuvius

Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.