MJ Gleeson (LON:GLE) Shares Cross Below 200-Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 537.85 ($6.98) and traded as low as GBX 464 ($6.02). MJ Gleeson shares last traded at GBX 468 ($6.07), with a volume of 16,150 shares trading hands.

MJ Gleeson Stock Up 0.2 %

The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The firm has a market cap of £281.84 million, a price-to-earnings ratio of 14.59 and a beta of 1.14. The stock’s 50 day moving average is GBX 481.23 and its 200 day moving average is GBX 536.40.

MJ Gleeson (LON:GLE) last posted its quarterly earnings data on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) EPS for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. Analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Insider Activity at MJ Gleeson

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the firm’s stock in a transaction on Tuesday, February 11th. The shares were purchased at an average price of GBX 499 ($6.47) per share, for a total transaction of £40,019.80 ($51,899.62). Company insiders own 16.85% of the company’s stock.

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.