Keller Group (LON:KLR) Shares Cross Above Two Hundred Day Moving Average – Here’s Why

Keller Group plc (LON:KLR) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 1,428.43 ($18.97) and traded as high as GBX 1,564 ($20.78). Keller Group shares last traded at GBX 1,564 ($20.78), with a volume of 502,172 shares.

Keller Group Stock Up 0.9%

The company has a market cap of £1.14 billion, a price-to-earnings ratio of 9.05, a price-to-earnings-growth ratio of 2.86 and a beta of 1.34. The firm’s 50-day moving average price is GBX 1,406.10 and its 200-day moving average price is GBX 1,428.43. The company has a debt-to-equity ratio of 71.61, a current ratio of 1.36 and a quick ratio of 1.17.

Keller Group (LON:KLR) last issued its quarterly earnings data on Tuesday, March 4th. The company reported GBX 204 ($2.71) earnings per share for the quarter. Keller Group had a net margin of 4.20% and a return on equity of 23.55%. Sell-side analysts forecast that Keller Group plc will post 192.5925926 earnings per share for the current fiscal year.

Keller Group Increases Dividend

The firm also recently declared a dividend, which will be paid on Friday, June 20th. Investors of record on Thursday, May 22nd will be given a GBX 33.10 ($0.44) dividend. This represents a yield of 2.4%. The ex-dividend date is Thursday, May 22nd. This is a positive change from Keller Group’s previous dividend of $16.60. Keller Group’s dividend payout ratio is 27.77%.

Keller Group declared that its Board of Directors has initiated a share buyback plan on Monday, March 31st that authorizes the company to buyback 0 shares. This buyback authorization authorizes the company to repurchase shares of its stock through open market purchases. Shares buyback plans are typically an indication that the company’s board believes its shares are undervalued.

Insider Activity

In other news, insider Kerry Porritt sold 13,756 shares of the firm’s stock in a transaction on Monday, April 14th. The stock was sold at an average price of GBX 1,396 ($18.54), for a total value of £192,033.76 ($255,092.67). Also, insider David Burke sold 33,773 shares of the business’s stock in a transaction dated Monday, March 17th. The stock was sold at an average price of GBX 1,408 ($18.70), for a total value of £475,523.84 ($631,673.54). 4.19% of the stock is owned by corporate insiders.

Keller Group Company Profile

Keller Group plc provides specialist geotechnical services in North America, Europe, the Asia-Pacific, the Middle East, and Africa. The company offers ground improvement services, grouting, deep foundations, earth retention, marine, and instrumentation and monitoring services, as well as post-tension systems and industrial services.