Coral Products (LON:CRU) Shares Cross Below 50-Day Moving Average – Should You Sell?

Coral Products PLC (LON:CRU) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 6.13 ($0.08) and traded as low as GBX 5.78 ($0.07). Coral Products shares last traded at GBX 5.78 ($0.07), with a volume of 5,662 shares traded.

Coral Products Trading Up 1.8 %

The stock has a 50-day simple moving average of GBX 6.11 and a 200 day simple moving average of GBX 7.46. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The company has a market cap of £5.12 million, a price-to-earnings ratio of -5.63 and a beta of 0.64.

Coral Products (LON:CRU) last issued its quarterly earnings data on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share (EPS) for the quarter. Coral Products had a negative net margin of 2.95% and a negative return on equity of 6.84%. As a group, equities research analysts predict that Coral Products PLC will post 0.9733456 EPS for the current fiscal year.

Insider Activity

In other Coral Products news, insider Paul Rice purchased 93,672 shares of the business’s stock in a transaction that occurred on Tuesday, February 25th. The stock was purchased at an average price of GBX 6 ($0.08) per share, for a total transaction of £5,620.32 ($7,269.85). Also, insider Joseph (Joe) Grimmond purchased 15,000 shares of the business’s stock in a transaction that occurred on Thursday, February 20th. The stock was acquired at an average price of GBX 6 ($0.08) per share, with a total value of £900 ($1,164.14). Insiders purchased a total of 183,672 shares of company stock valued at $1,102,032 in the last quarter. 39.93% of the stock is currently owned by company insiders.

Coral Products Company Profile

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.