Costain Group (LON:COST) Stock Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Costain Group PLC (LON:COST) shares crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 106.72 ($1.44) and traded as high as GBX 123 ($1.66). Costain Group shares last traded at GBX 121 ($1.64), with a volume of 325,983 shares traded.

Costain Group Price Performance

The company has a current ratio of 1.40, a quick ratio of 1.32 and a debt-to-equity ratio of 9.86. The company’s 50 day moving average is GBX 112.28 and its 200-day moving average is GBX 106.72. The firm has a market capitalization of £324.10 million, a price-to-earnings ratio of 10.80, a P/E/G ratio of 1.63 and a beta of 2.64.

Costain Group (LON:COST) last released its quarterly earnings results on Tuesday, March 11th. The company reported GBX 14.60 ($0.20) earnings per share for the quarter. Costain Group had a net margin of 2.33% and a return on equity of 13.56%. Equities research analysts anticipate that Costain Group PLC will post 13.7551582 earnings per share for the current year.

Costain Group Increases Dividend

The business also recently declared a dividend, which was paid on Thursday, May 29th. Investors of record on Thursday, April 17th were issued a dividend of GBX 2 ($0.03) per share. The ex-dividend date was Thursday, April 17th. This is a positive change from Costain Group’s previous dividend of $0.40. This represents a dividend yield of 1.89%. Costain Group’s payout ratio is 8.93%.

About Costain Group

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.