Harworth Group (LON:HWG) Shares Pass Below Fifty Day Moving Average – Should You Sell?

Shares of Harworth Group plc (LON:HWG) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 134.24 and traded as low as GBX 128.80. Harworth Group shares last traded at GBX 130, with a volume of 2,766,408 shares traded.

Harworth Group Price Performance

The company has a market cap of £422.76 million, a price-to-earnings ratio of 46.43 and a beta of 0.56. The company has a current ratio of 457.81, a quick ratio of 1.13 and a debt-to-equity ratio of 24.93. The company’s 50 day moving average price is GBX 134.24 and its 200 day moving average price is GBX 153.49.

Harworth Group (LON:HWG) last released its earnings results on Tuesday, March 17th. The company reported GBX 2.90 EPS for the quarter. Harworth Group had a net margin of 7.25% and a return on equity of 1.36%. Equities research analysts forecast that Harworth Group plc will post 15.3212521 earnings per share for the current year.

Insider Transactions at Harworth Group

In other news, insider Phil Redding bought 40,000 shares of Harworth Group stock in a transaction dated Monday, March 23rd. The stock was bought at an average price of GBX 158 per share, for a total transaction of £63,200. Also, insider Lynda Shillaw bought 21,764 shares of Harworth Group stock in a transaction dated Friday, March 20th. The stock was purchased at an average price of GBX 155 per share, with a total value of £33,734.20. In the last quarter, insiders bought 93,989 shares of company stock worth $14,674,958. Company insiders own 1.53% of the company’s stock.

About Harworth Group

Harworth Group plc is a leading sustainable regenerator of land and property for development and investment which owns, develops and manages a portfolio of over 14,000 acres of land on around 100 sites located throughout the North of England and Midlands. The Group specialises in the regeneration of large, complex sites, in particular former industrial sites, into new residential and industrial & logistics developments. Visit www.harworthgroup.com for further information.