Petards Group (LON:PEG) Shares Pass Below 200-Day Moving Average – Here’s Why

Shares of Petards Group plc (LON:PEG) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 8.17 ($0.10) and traded as low as GBX 7.74 ($0.10). Petards Group shares last traded at GBX 7.74 ($0.10), with a volume of 15,000 shares changing hands.

Petards Group Stock Performance

The stock’s 50-day moving average price is GBX 7.72 and its 200-day moving average price is GBX 8.17. The company has a debt-to-equity ratio of 27.67, a quick ratio of 1.35 and a current ratio of 0.96. The company has a market capitalization of £5.11 million, a price-to-earnings ratio of -2.86 and a beta of 0.81.

Insider Activity

In related news, insider John Wakefield purchased 78,000 shares of Petards Group stock in a transaction dated Thursday, February 6th. The stock was bought at an average cost of GBX 8 ($0.10) per share, for a total transaction of £6,240 ($7,929.85). Insiders own 53.70% of the company’s stock.

About Petards Group

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.