Morgan Sindall Group (LON:MGNS) Stock Crosses Above Two Hundred Day Moving Average – Should You Sell?

Shares of Morgan Sindall Group plc (LON:MGNS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,212.71 ($39.91) and traded as high as GBX 3,865 ($48.01). Morgan Sindall Group shares last traded at GBX 3,860 ($47.95), with a volume of 34,610 shares trading hands.

Morgan Sindall Group Price Performance

The company has a 50-day moving average price of GBX 3,821.79 and a 200-day moving average price of GBX 3,212.71. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The firm has a market capitalization of £1.81 billion, a P/E ratio of 1,473.28, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

Insider Activity

In other news, insider Sharon Fennessy acquired 650 shares of Morgan Sindall Group stock in a transaction on Tuesday, October 29th. The stock was acquired at an average cost of GBX 3,750 ($46.58) per share, for a total transaction of £24,375 ($30,279.50). Also, insider John Christopher Morgan sold 16,968 shares of the firm’s stock in a transaction that occurred on Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($48.32), for a total transaction of £660,055.20 ($819,944.35). 11.05% of the stock is currently owned by company insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.