Dowlais Group (LON:DWL) Announces Quarterly Earnings Results

Dowlais Group (LON:DWL) issued its quarterly earnings results on Wednesday. The company reported GBX 11.40 ($0.15) earnings per share for the quarter, Digital Look Earnings reports. Dowlais Group had a negative return on equity of 21.02% and a negative net margin of 11.24%.

Dowlais Group Stock Performance

Shares of Dowlais Group stock traded down GBX 1.29 ($0.02) during midday trading on Friday, reaching GBX 67.46 ($0.87). 120,878,688 shares of the company’s stock traded hands, compared to its average volume of 15,042,865. Dowlais Group has a 52 week low of GBX 47.32 ($0.61) and a 52 week high of GBX 94.68 ($1.22). The company’s 50 day simple moving average is GBX 68.67 and its 200 day simple moving average is GBX 61.86. The company has a market cap of £912.28 million and a price-to-earnings ratio of -1.77.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “hold” rating and set a GBX 62 ($0.80) target price on shares of Dowlais Group in a research report on Monday, November 25th. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of GBX 94 ($1.21).

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.