Dowlais Group (LON:DWL) Reaches New 52-Week Low – What’s Next?

Dowlais Group plc (LON:DWL) shares hit a new 52-week low during mid-day trading on Thursday . The stock traded as low as GBX 49.24 ($0.64) and last traded at GBX 49.24 ($0.64), with a volume of 7209329 shares changing hands. The stock had previously closed at GBX 50 ($0.65).

Analyst Ratings Changes

Several equities analysts have weighed in on DWL shares. Citigroup raised Dowlais Group to a “neutral” rating and set a GBX 58 ($0.75) target price on the stock in a research note on Thursday, October 24th. Jefferies Financial Group dropped their price target on Dowlais Group from GBX 135 ($1.75) to GBX 110 ($1.43) and set a “buy” rating on the stock in a research report on Friday, July 12th.

Dowlais Group Price Performance

The company has a market capitalization of £657.70 million and a price-to-earnings ratio of -130.70. The stock has a 50-day moving average price of GBX 57.35 and a 200-day moving average price of GBX 66.65.

Dowlais Group Cuts Dividend

The company also recently declared a dividend, which was paid on Friday, October 4th. Investors of record on Thursday, August 29th were issued a dividend of GBX 1.40 ($0.02) per share. The ex-dividend date was Thursday, August 29th. This represents a yield of 2.28%. Dowlais Group’s payout ratio is currently -1,081.08%.

Insider Buying and Selling at Dowlais Group

In related news, insider Roberto Fioroni acquired 83,925 shares of the company’s stock in a transaction on Tuesday, August 13th. The stock was purchased at an average cost of GBX 59 ($0.77) per share, with a total value of £49,515.75 ($64,214.43). Insiders own 1.78% of the company’s stock.

About Dowlais Group

Dowlais Group Plc manufactures and sells automotive parts in the Americas, Europe, and Asia. The company engages in developing, manufacturing, and supplying automotive drive systems for conventional and electric vehicles. It manufactures sideshafts, propshafts, and constant velocity joints for passenger vehicles; and AWD systems and eDrive systems, as well as provides component solutions to systems, including control software.