Pressure Technologies (LON:PRES) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Pressure Technologies plc (LON:PRES)’s stock price passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 35.19 ($0.44) and traded as high as GBX 39 ($0.49). Pressure Technologies shares last traded at GBX 38 ($0.48), with a volume of 91,573 shares traded.

Pressure Technologies Stock Performance

The stock has a market capitalization of £15.08 million, a PE ratio of -3,900.00, a price-to-earnings-growth ratio of -0.12 and a beta of 1.58. The business’s fifty day moving average is GBX 35.29 and its two-hundred day moving average is GBX 34.07. The company has a quick ratio of 1.24, a current ratio of 1.53 and a debt-to-equity ratio of 31.77.

Insider Activity

In other news, insider Richard Staveley acquired 75,000 shares of Pressure Technologies stock in a transaction that occurred on Thursday, October 17th. The stock was purchased at an average cost of GBX 33 ($0.42) per share, with a total value of £24,750 ($31,143.83). Insiders own 5.42% of the company’s stock.

About Pressure Technologies

Pressure Technologies plc, through its subsidiaries, designs, manufactures, and sells high pressure systems for the oil and gas, defense, industrial gases, and hydrogen energy markets in the United Kingdom, France, Norway, the United States, Rest of Europe, Germany, the Netherlands, Taiwan, and internationally.