Serco Group (LON:SRP) Shares Cross Above 200 Day Moving Average of $167.75

Serco Group plc (LON:SRP)’s share price crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 167.75 ($2.07) and traded as high as GBX 182.60 ($2.26). Serco Group shares last traded at GBX 181.90 ($2.25), with a volume of 1,608,026 shares traded.

Analyst Upgrades and Downgrades

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

Serco Group Price Performance

The company has a debt-to-equity ratio of 63.84, a quick ratio of 0.98 and a current ratio of 0.87. The company has a market capitalization of £1.96 billion, a PE ratio of 1,010.56, a P/E/G ratio of 3.06 and a beta of 0.38. The company’s 50-day simple moving average is GBX 184.38 and its 200-day simple moving average is GBX 167.75.

Serco Group Increases Dividend

The company also recently announced a dividend, which will be paid on Friday, May 10th. Stockholders of record on Thursday, April 18th will be paid a GBX 2.27 ($0.03) dividend. This represents a dividend yield of 1.27%. The ex-dividend date of this dividend is Thursday, April 18th. This is a boost from Serco Group’s previous dividend of $1.14. Serco Group’s dividend payout ratio (DPR) is 1,666.67%.

Insider Transactions at Serco Group

In other news, insider Nigel Crossley sold 212,403 shares of the firm’s stock in a transaction on Monday, April 8th. The shares were sold at an average price of GBX 186 ($2.30), for a total value of £395,069.58 ($487,981.20). Company insiders own 2.00% of the company’s stock.

Serco Group Company Profile

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.