Kingspan Group (OTCMKTS:KGSPY) Shares Down 1% – Time to Sell?

Kingspan Group plc (OTCMKTS:KGSPYGet Free Report)’s share price dropped 1% during trading on Friday . The stock traded as low as $72.59 and last traded at $73.28. Approximately 19,953 shares were traded during mid-day trading, a decline of 35% from the average daily volume of 30,871 shares. The stock had previously closed at $73.99.

Kingspan Group Stock Down 1.0%

The stock has a 50-day simple moving average of $80.27 and a 200 day simple moving average of $82.98.

Kingspan Group Cuts Dividend

The company also recently announced a dividend, which was paid on Monday, October 27th. Investors of record on Monday, September 8th were given a $0.1687 dividend. This represents a yield of 45.0%. The ex-dividend date of this dividend was Friday, September 5th.

About Kingspan Group

(Get Free Report)

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through five segments: Insulated Panels, Insulation, Roofing + Waterproofing, Light, Air + Water, and Data + Flooring.

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