Serco Group (LON:SRP) Stock Price Crosses Above 200 Day Moving Average – What’s Next?

Shares of Serco Group plc (LON:SRP) crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 160.32 ($2.12) and traded as high as GBX 162.60 ($2.15). Serco Group shares last traded at GBX 162.30 ($2.15), with a volume of 995,115 shares changing hands.

Analyst Ratings Changes

Separately, Shore Capital reissued a “hold” rating on shares of Serco Group in a research report on Friday, February 7th.

Serco Group Trading Up 0.9 %

The stock has a market cap of £1.64 billion, a PE ratio of 12.64, a price-to-earnings-growth ratio of 3.06 and a beta of 0.38. The firm has a 50-day moving average price of GBX 159.98 and a 200-day moving average price of GBX 160.32. The company has a debt-to-equity ratio of 62.40, a quick ratio of 0.98 and a current ratio of 0.91.

Serco Group (LON:SRP) last released its quarterly earnings data on Thursday, February 27th. The company reported GBX 16.67 ($0.22) earnings per share for the quarter. Serco Group had a net margin of 2.87% and a return on equity of 13.70%. As a group, equities analysts anticipate that Serco Group plc will post 17.552759 EPS for the current fiscal year.

Serco Group Increases Dividend

The firm also recently announced a dividend, which will be paid on Friday, May 9th. Shareholders of record on Thursday, April 10th will be paid a dividend of GBX 2.82 ($0.04) per share. This represents a yield of 1.77%. This is an increase from Serco Group’s previous dividend of $1.34. The ex-dividend date is Thursday, April 10th. Serco Group’s dividend payout ratio (DPR) is currently 31.16%.

Insider Transactions at Serco Group

In related news, insider Nigel Crossley sold 192,646 shares of the stock in a transaction that occurred on Monday, April 7th. The shares were sold at an average price of GBX 153 ($2.03), for a total transaction of £294,748.38 ($390,136.84). Company insiders own 1.67% of the company’s stock.

About Serco Group