Vesuvius plc (LON:VSVS – Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 458.47 ($5.71) and traded as low as GBX 455 ($5.66). Vesuvius shares last traded at GBX 457.50 ($5.70), with a volume of 144,384 shares trading hands.
Wall Street Analyst Weigh In
A number of research analysts have weighed in on VSVS shares. Jefferies Financial Group reaffirmed a “buy” rating and issued a GBX 675 ($8.40) price objective on shares of Vesuvius in a research note on Thursday, February 29th. Berenberg Bank raised their target price on Vesuvius from GBX 480 ($5.98) to GBX 580 ($7.22) and gave the company a “buy” rating in a report on Tuesday, March 5th.
Check Out Our Latest Stock Analysis on VSVS
Vesuvius Stock Performance
Vesuvius Increases Dividend
The firm also recently announced a dividend, which will be paid on Friday, May 31st. Stockholders of record on Thursday, April 18th will be given a dividend of GBX 16.20 ($0.20) per share. The ex-dividend date of this dividend is Thursday, April 18th. This is a positive change from Vesuvius’s previous dividend of $6.80. This represents a dividend yield of 3.33%. Vesuvius’s dividend payout ratio (DPR) is currently 5,227.27%.
Insider Activity at Vesuvius
In other Vesuvius news, insider Patrick André sold 66,184 shares of the business’s stock in a transaction dated Monday, March 18th. The shares were sold at an average price of GBX 484 ($6.03), for a total value of £320,330.56 ($398,768.28). In other Vesuvius news, insider Patrick André sold 66,184 shares of the firm’s stock in a transaction on Monday, March 18th. The stock was sold at an average price of GBX 484 ($6.03), for a total value of £320,330.56 ($398,768.28). Also, insider Mark Collis purchased 8,228 shares of the company’s stock in a transaction dated Thursday, February 29th. The shares were purchased at an average cost of GBX 484 ($6.03) per share, for a total transaction of £39,823.52 ($49,574.90). 1.34% of the stock is owned by company insiders.
Vesuvius Company Profile
Vesuvius plc provides molten metal flow engineering and technology services to steel and foundry industries worldwide. It operates through Flow Control, Sensor & Probes, and Advanced Refractories segments. The company provides consumables and equipment, which includes binders, coatings, feeding systems, filtration and gating systems, melt shop refractories, metallurgical and pouring control systems, die dressings and coatings, melt treatment products, crucibles, and ceramics for the iron, steel, and nonferrous foundries.
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