Scapa Group (LON:SCPA) Share Price Passes Below 50-Day Moving Average of $262.75

Scapa Group plc (LON:SCPA) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of $262.75 and traded as low as $181.71. Scapa Group shares last traded at $185.40, with a volume of 656,857 shares changing hands.

A number of brokerages have recently issued reports on SCPA. Jefferies Financial Group reduced their price objective on shares of Scapa Group from GBX 450 ($5.88) to GBX 300 ($3.92) and set a “buy” rating for the company in a report on Friday, June 21st. Numis Securities reiterated a “buy” rating on shares of Scapa Group in a report on Wednesday, June 5th. Finally, Berenberg Bank reiterated a “buy” rating and set a GBX 520 ($6.79) price objective on shares of Scapa Group in a report on Monday, June 3rd.

The stock has a market cap of $287.61 million and a price-to-earnings ratio of 35.65. The business has a fifty day moving average price of GBX 259.09. The company has a quick ratio of 0.84, a current ratio of 1.40 and a debt-to-equity ratio of 48.06.

The company also recently declared a dividend, which will be paid on Friday, August 23rd. Investors of record on Thursday, July 25th will be issued a dividend of GBX 2.90 ($0.04) per share. The ex-dividend date is Thursday, July 25th. This is a boost from Scapa Group’s previous dividend of $2.40. This represents a yield of 0.95%. Scapa Group’s payout ratio is 0.58%.

In other news, insider Heejae Chae purchased 109,700 shares of the business’s stock in a transaction that occurred on Wednesday, June 12th. The shares were acquired at an average cost of GBX 184 ($2.40) per share, for a total transaction of £201,848 ($263,750.16).

About Scapa Group (LON:SCPA)

Scapa Group plc, together with its subsidiaries, manufactures and sells bonding products and adhesive components for applications in the healthcare and industrial markets in Europe, North America, and Asia. It offers aluminum foil, acrylic foam, barnier system, cable wrapping, cloth, double sided and transfer, double and single sided foam, foam plate mounting, heatseal, packaging, paper masking, PIB sheeting, polyethylene, PVC, self-amalgamating, and specialist film tapes, as well as resins and putties.

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