UP Global Sourcing (LON:UPGS) Shares Up 0.2%

UP Global Sourcing Holdings plc (LON:UPGS – Get Rating) shot up 0.2% during mid-day trading on Thursday . The stock traded as high as GBX 133 ($1.62) and last traded at GBX 130.75 ($1.59). 77,635 shares traded hands during trading, a decline of 35% from the average session volume of 119,773 shares. The stock had previously closed at GBX 130.50 ($1.59).

Analyst Upgrades and Downgrades

Separately, Shore Capital reiterated a “house stock” rating on shares of UP Global Sourcing in a research report on Thursday, February 2nd.

UP Global Sourcing Price Performance

The company has a current ratio of 1.33, a quick ratio of 0.72 and a debt-to-equity ratio of 76.37. The firm has a market cap of £114.32 million, a price-to-earnings ratio of 984.62 and a beta of 1.65. The company’s 50-day moving average is GBX 151.11 and its 200-day moving average is GBX 133.73.

UP Global Sourcing Increases Dividend

The business also recently disclosed a dividend, which was paid on Friday, January 27th. Investors of record on Thursday, January 5th were paid a GBX 4.82 ($0.06) dividend. This is an increase from UP Global Sourcing’s previous dividend of $2.30. The ex-dividend date of this dividend was Thursday, January 5th. This represents a yield of 3.46%. UP Global Sourcing’s dividend payout ratio is presently 5,384.62%.

Insider Activity at UP Global Sourcing

In related news, insider Chris Dent acquired 13,953 shares of the company’s stock in a transaction that occurred on Thursday, December 22nd. The stock was acquired at an average price of GBX 138 ($1.68) per share, with a total value of £19,255.14 ($23,467.57). 51.89% of the stock is owned by insiders.

UP Global Sourcing Company Profile

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UP Global Sourcing Holdings plc, together with its subsidiaries, supplies branded homeware products in the United Kingdom and internationally. The company offers a range of durable household products, including vacuum cleaners, food prep, storage solutions, and airers, as well as fans, heaters, and electric fires under the Beldray Brand; kitchenware products under the Salter brand; audio products under the Intempo brand; non-electrical kitchen and laundry products under the Russell Hobbs brand; and travel luggage and accessories under constellation and ZFrame brand.