Costain Group (LON:COST) Trading 11.3% Higher – Here’s What Happened

Costain Group PLC (LON:COST) shot up 11.3% during mid-day trading on Monday . The stock traded as high as GBX 97.20 ($1.21) and last traded at GBX 95.74 ($1.19). 22,979,559 shares traded hands during mid-day trading, an increase of 812% from the average session volume of 2,519,368 shares. The stock had previously closed at GBX 86 ($1.07).

Costain Group Stock Performance

The company has a quick ratio of 1.32, a current ratio of 1.40 and a debt-to-equity ratio of 9.86. The company has a market cap of £258.70 million, a PE ratio of 863.64, a price-to-earnings-growth ratio of 1.63 and a beta of 2.64. The firm has a fifty day simple moving average of GBX 102.91 and a 200-day simple moving average of GBX 100.09.

Costain Group Company Profile

Costain helps to improve people’s lives by creating connected, sustainable infrastructure that enables people and the planet thrive. We shape, create and deliver pioneering solutions that transform the performance of the infrastructure ecosystem across the UK’s energy, water, transportation and defence markets.