Forterra (LON:FORT) Share Price Crosses Below 50-Day Moving Average – Should You Sell?

Forterra plc (LON:FORT) crossed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 168.66 ($2.11) and traded as low as GBX 158.40 ($1.98). Forterra shares last traded at GBX 159.40 ($1.99), with a volume of 238,464 shares.

Forterra Stock Performance

The stock’s 50-day moving average is GBX 168.66 and its 200 day moving average is GBX 175.20. The stock has a market cap of £329.80 million, a price-to-earnings ratio of 3,985.00, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a debt-to-equity ratio of 62.10, a current ratio of 1.79 and a quick ratio of 0.82.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.