Kier Group (LON:KIE) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Kier Group plc (LON:KIE) passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 143.26 ($1.94) and traded as high as GBX 166.80 ($2.26). Kier Group shares last traded at GBX 165.60 ($2.25), with a volume of 2,224,829 shares traded.

Kier Group Price Performance

The firm has a fifty day moving average of GBX 139.48 and a 200 day moving average of GBX 143.26. The company has a market capitalization of £712.84 million, a P/E ratio of 16.67, a P/E/G ratio of 0.29 and a beta of 1.14. The company has a current ratio of 0.88, a quick ratio of 0.69 and a debt-to-equity ratio of 302.83.

Kier Group (LON:KIE) last released its quarterly earnings results on Tuesday, March 11th. The company reported GBX 8.70 ($0.12) earnings per share (EPS) for the quarter. Kier Group had a return on equity of 8.23% and a net margin of 1.09%. On average, equities research analysts anticipate that Kier Group plc will post 20.4913295 EPS for the current year.

Kier Group Cuts Dividend

The company also recently declared a dividend, which will be paid on Monday, June 2nd. Shareholders of record on Thursday, April 24th will be paid a dividend of GBX 2 ($0.03) per share. The ex-dividend date of this dividend is Thursday, April 24th. This represents a dividend yield of 1.66%. Kier Group’s dividend payout ratio is currently 50.34%.

Insider Buying and Selling at Kier Group

In related news, insider Matthew Lester acquired 16,310 shares of the business’s stock in a transaction that occurred on Tuesday, March 11th. The stock was bought at an average cost of GBX 123 ($1.67) per share, for a total transaction of £20,061.30 ($27,220.22). Corporate insiders own 6.07% of the company’s stock.

About Kier Group

Kier Group is a leading infrastructure services, construction and property group based in the UK.

Our purpose is to sustainably deliver infrastructure which is vital to the UK with a vision is to be the UK’s leading infrastructure services and construction company.

We operate through three segments; Infrastructure Services, Construction and Property.