SThree (LON:STEM) Reaches New 52-Week High at $447.00

SThree plc (LON:STEM) shares hit a new 52-week high on Wednesday . The stock traded as high as GBX 447 ($5.66) and last traded at GBX 435.50 ($5.51), with a volume of 339271 shares traded. The stock had previously closed at GBX 439.50 ($5.56).

Analyst Ratings Changes

Separately, Berenberg Bank initiated coverage on shares of SThree in a research report on Monday, February 5th. They issued a “buy” rating and a GBX 550 ($6.96) price target on the stock.

SThree Price Performance

The company has a debt-to-equity ratio of 13.02, a current ratio of 1.87 and a quick ratio of 1.69. The firm has a market cap of £587.42 million, a P/E ratio of 1,062.20, a PEG ratio of 0.75 and a beta of 0.98. The stock’s 50-day simple moving average is GBX 423.71 and its two-hundred day simple moving average is GBX 400.26.

SThree Increases Dividend

The company also recently disclosed a dividend, which will be paid on Friday, June 7th. Shareholders of record on Thursday, May 9th will be given a dividend of GBX 11.60 ($0.15) per share. This is a boost from SThree’s previous dividend of $5.00. The ex-dividend date of this dividend is Thursday, May 9th. This represents a yield of 2.91%. SThree’s payout ratio is 4,146.34%.

Insider Buying and Selling at SThree

In other SThree news, insider Timo Lehne sold 31,017 shares of the business’s stock in a transaction on Monday, March 18th. The shares were sold at an average price of GBX 434 ($5.49), for a total transaction of £134,613.78 ($170,375.62). Insiders have bought 86 shares of company stock worth $36,011 over the last quarter. Insiders own 6.13% of the company’s stock.

About SThree

SThree plc provides specialist recruitment services in the sciences, technology, engineering, and mathematics markets in the United Kingdom, Austria, Germany, Switzerland, Netherlands, Spain, Belgium, France, the United States, Dubai, Japan. The company offers recruitment services for permanent and contract roles, as well as support services.