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

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

Analyst Upgrades and Downgrades

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

Dowlais Group Trading Down 1.3 %

The business has a fifty day simple moving average of GBX 57.35 and a 200 day simple moving average of GBX 66.65. The stock has a market capitalization of £657.70 million and a P/E ratio of -130.70.

Dowlais Group Cuts Dividend

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

Insiders Place Their Bets

In related news, insider Roberto Fioroni acquired 83,925 shares of the firm’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). Corporate 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.