Alpha Group International (LON:ALPH) Trading 2.7% Higher – Here’s Why

Alpha Group International plc (LON:ALPH) was up 2.7% on Wednesday . The stock traded as high as GBX 2,320 ($30.20) and last traded at GBX 2,280 ($29.68). Approximately 110,153 shares were traded during trading, a decline of 38% from the average daily volume of 176,528 shares. The stock had previously closed at GBX 2,220 ($28.90).

Alpha Group International Stock Up 2.7 %

The company has a market cap of £963.07 million, a price-to-earnings ratio of 1,055.56 and a beta of 1.71. The company’s fifty day moving average price is GBX 2,214.13 and its two-hundred day moving average price is GBX 2,303.96.

Alpha Group International Cuts Dividend

The business also recently disclosed a dividend, which was paid on Friday, October 11th. Investors of record on Thursday, September 12th were issued a dividend of GBX 4.20 ($0.05) per share. The ex-dividend date was Thursday, September 12th. This represents a dividend yield of 0.17%. Alpha Group International’s payout ratio is 787.04%.

Insider Buying and Selling

In other Alpha Group International news, insider Clive Ian Kahn purchased 25,000 shares of the stock in a transaction on Thursday, September 12th. The shares were purchased at an average cost of GBX 2,117 ($27.56) per share, for a total transaction of £529,250 ($688,948.19). Insiders have purchased a total of 125,000 shares of company stock worth $264,075,000 over the last ninety days. Company insiders own 24.00% of the company’s stock.

About Alpha Group International

Alpha Group International plc provides foreign exchange risk management and alternative banking solutions in the United Kingdom and internationally. The company offers forward currency contracts, option contracts, foreign exchange spot transactions, and payments collections and currency accounts services.