Harworth Group (LON:HWG) Share Price Passes Below 50 Day Moving Average – Here’s Why

Harworth Group plc (LON:HWG) passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 137.01 and traded as low as GBX 125.80. Harworth Group shares last traded at GBX 129, with a volume of 135,546 shares traded.

Harworth Group Trading Down 2.0%

The firm’s 50 day moving average is GBX 136.42 and its 200 day moving average is GBX 154.63. The firm has a market capitalization of £410.56 million, a price-to-earnings ratio of 45.14 and a beta of 0.56. The company has a quick ratio of 1.13, a current ratio of 457.81 and a debt-to-equity ratio of 24.93.

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

Insiders Place Their Bets

In other news, insider Lynda Shillaw bought 21,764 shares of the business’s stock in a transaction on Friday, March 20th. The shares were bought at an average cost of GBX 155 per share, with a total value of £33,734.20. Also, insider Alastair Lyons CBE purchased 31,610 shares of the company’s stock in a transaction that occurred on Thursday, March 19th. The shares were acquired at an average cost of GBX 155 per share, for a total transaction of £48,995.50. In the last quarter, insiders have purchased 94,168 shares of company stock worth $14,704,851. Company insiders own 1.50% of the company’s stock.

Harworth Group Company Profile

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.