Johnson Service Group (LON:JSG) Stock Passes Below 200-Day Moving Average – Here’s Why

Johnson Service Group PLC (LON:JSG)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 139.21 ($1.85) and traded as low as GBX 126.20 ($1.67). Johnson Service Group shares last traded at GBX 131.40 ($1.74), with a volume of 469,623 shares traded.

Johnson Service Group Trading Up 1.7 %

The company has a current ratio of 1.00, a quick ratio of 0.80 and a debt-to-equity ratio of 44.23. The firm’s 50-day moving average is GBX 134.32 and its 200 day moving average is GBX 139.21. The firm has a market capitalization of £545.24 million, a price-to-earnings ratio of 17.51, a P/E/G ratio of 10.18 and a beta of 1.80.

Johnson Service Group (LON:JSG) last issued its quarterly earnings results on Tuesday, March 4th. The company reported GBX 10.20 ($0.14) EPS for the quarter. Johnson Service Group had a net margin of 6.29% and a return on equity of 10.95%.

Johnson Service Group Increases Dividend

The business also recently declared a dividend, which will be paid on Friday, May 9th. Stockholders of record on Thursday, April 10th will be paid a GBX 2.70 ($0.04) dividend. This is a boost from Johnson Service Group’s previous dividend of $1.30. The ex-dividend date of this dividend is Thursday, April 10th. This represents a dividend yield of 1.97%. Johnson Service Group’s dividend payout ratio is presently 39.98%.

Insider Transactions at Johnson Service Group

In other news, insider Yvonne Monaghan sold 34,905 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of GBX 133 ($1.77), for a total transaction of £46,423.65 ($61,610.68). 1.61% of the stock is owned by corporate insiders.

About Johnson Service Group

Johnson Service Group provides high quality textile rental and related services across a range of sectors throughout the UK.

Our family of high quality businesses includes “Johnsons Workwear”, “Johnsons Hotel Linen”, “Johnsons Hotel, Restaurant & Catering Linen” and “Johnsons Restaurant & Catering Linen”, each of which provides a high-quality and reliable service combined with outstanding customer care.

Across our entire family, our priorities are always clear and everything we do centres on the core values of Johnson Service Group – quality, reliability and service.

A strategy to consistently create value for shareholders, deliver outstanding customer service and offer fulfilling careers to employees lies at the heart of our business.