Ibstock (LON:IBST) Shares Cross Below 50 Day Moving Average – What’s Next?

Ibstock plc (LON:IBST)’s stock price passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 188.20 ($2.35) and traded as low as GBX 171.60 ($2.15). Ibstock shares last traded at GBX 176 ($2.20), with a volume of 77,346 shares changing hands.

Ibstock Price Performance

The firm has a 50 day moving average of GBX 188.20 and a 200-day moving average of GBX 183.10. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The company has a market cap of £692.41 million, a P/E ratio of 8,790.00, a P/E/G ratio of 0.47 and a beta of 1.34.

Ibstock Company Profile

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.