ScS Group (LON:SCS) Stock Passes Below Two Hundred Day Moving Average of $459.68

ScS Group plc (LON:SCS)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 459.68 ($6.01) and traded as low as GBX 265 ($3.46). ScS Group shares last traded at GBX 265.50 ($3.47), with a volume of 57,497 shares trading hands.

SCS has been the topic of a number of research reports. Peel Hunt raised their target price on shares of ScS Group from GBX 340 ($4.44) to GBX 360 ($4.70) and gave the stock a “buy” rating in a research report on Thursday, August 5th. Peel Hunt raised their target price on ScS Group from GBX 340 ($4.44) to GBX 360 ($4.70) and gave the company a “buy” rating in a report on Thursday, August 5th. Finally, Shore Capital reaffirmed a “house stock” rating on shares of ScS Group in a research note on Tuesday, October 5th.

The firm has a 50-day moving average of GBX 289.63 and a 200 day moving average of GBX 458.27. The stock has a market capitalization of £99.69 million and a price-to-earnings ratio of 5.44. The company has a current ratio of 1.14, a quick ratio of 0.96 and a debt-to-equity ratio of 260.75.

The firm also recently announced a dividend, which will be paid on Friday, December 10th. Shareholders of record on Thursday, November 11th will be given a GBX 7 ($0.09) dividend. This represents a dividend yield of 2.75%. This is a positive change from ScS Group’s previous dividend of $3.00. The ex-dividend date is Thursday, November 11th.

ScS Group Company Profile (LON:SCS)

ScS Group plc, together with its subsidiaries, engages in the retail of upholstered furniture, flooring, and related products in the United Kingdom. Its stores offer various upholstered furniture products; dining and occasional furniture products; and flooring products, such as carpets, rugs, and laminate and vinyl tiling products The company provides products under the Signature, Inspire, and Living brands, as well as third party brands, including La-Z-Boy and G Plan.

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