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

Petards Group plc (LON:PEG)’s stock price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 8.18 ($0.11) and traded as low as GBX 7.55 ($0.10). Petards Group shares last traded at GBX 7.55 ($0.10), with a volume of 3,722 shares trading hands.

Petards Group Stock Performance

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 £4.68 million, a P/E ratio of -2.61 and a beta of 0.81. The business has a 50 day moving average of GBX 7.71 and a 200-day moving average of GBX 8.18.

Insider Activity at Petards Group

In related news, insider John Wakefield acquired 78,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 6th. The shares were bought at an average cost of GBX 8 ($0.10) per share, for a total transaction of £6,240 ($8,078.72). 53.70% of the stock is currently owned by corporate insiders.

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.