Nexus Infrastructure (LON:NEXS) Hits New 12-Month High After Insider Buying Activity

Nexus Infrastructure plc (LON:NEXS)’s share price reached a new 52-week high during trading on Thursday following insider buying activity. The stock traded as high as GBX 190 ($2.45) and last traded at GBX 185 ($2.38), with a volume of 7708 shares changing hands. The stock had previously closed at GBX 177.50 ($2.29).

Specifically, insider Dawn Hillman acquired 8,601 shares of Nexus Infrastructure stock in a transaction that occurred on Tuesday, March 4th. The shares were acquired at an average cost of GBX 174 ($2.24) per share, with a total value of £14,965.74 ($19,290.72).

Nexus Infrastructure Stock Up 4.2 %

The company has a market capitalization of £16.64 million, a price-to-earnings ratio of -1.61 and a beta of 0.88. The company has a debt-to-equity ratio of 35.41, a current ratio of 2.52 and a quick ratio of 1.21. The firm’s fifty day moving average price is GBX 129.13 and its 200-day moving average price is GBX 130.36.

Nexus Infrastructure (LON:NEXS) last issued its quarterly earnings results on Thursday, January 23rd. The company reported GBX (30.60) (($0.39)) EPS for the quarter. Nexus Infrastructure had a negative return on equity of 32.02% and a negative net margin of 16.28%. Sell-side analysts expect that Nexus Infrastructure plc will post 9.0100003 earnings per share for the current fiscal year.

About Nexus Infrastructure

Nexus is a leading provider of essential infrastructure solutions to the UK housebuilding sector through its operational business, Tamdown.

Tamdown provides a range of civil engineering and infrastructure services to the UK housebuilding sectors, with operations focused on the South-East of England and London.