MJ Gleeson (LON:GLE) Stock Price Crosses Below 200 Day Moving Average – Here’s What Happened

MJ Gleeson plc (LON:GLE)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 516.58 ($6.76) and traded as low as GBX 445 ($5.82). MJ Gleeson shares last traded at GBX 450 ($5.89), with a volume of 43,914 shares trading hands.

MJ Gleeson Stock Down 0.4 %

The company’s 50-day moving average price is GBX 472.20 and its 200 day moving average price is GBX 516.58. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. The stock has a market cap of £272.16 million, a PE ratio of 14.09 and a beta of 1.14.

MJ Gleeson (LON:GLE) last announced its earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) earnings per share (EPS) for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. As a group, analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Transactions at MJ Gleeson

In related news, insider Graham Prothero acquired 8,020 shares of the stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average cost of GBX 499 ($6.53) per share, with a total value of £40,019.80 ($52,381.94). 16.85% of the stock is currently owned by company insiders.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.