Morgan Sindall Group (LON:MGNS) Stock Price Passes Above 200 Day Moving Average – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,266.67 ($39.97) and traded as high as GBX 3,640 ($44.54). Morgan Sindall Group shares last traded at GBX 3,570 ($43.69), with a volume of 178,249 shares changing hands.

Morgan Sindall Group Trading Down 1.2 %

The firm has a market capitalization of £1.67 billion, a price-to-earnings ratio of 1,362.60, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a fifty day moving average price of GBX 3,809.32 and a 200-day moving average price of GBX 3,266.67. The company has a current ratio of 1.18, a quick ratio of 0.87 and a debt-to-equity ratio of 18.51.

Insider Activity at Morgan Sindall Group

In related news, insider John Christopher Morgan sold 16,968 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($47.60), for a total value of £660,055.20 ($807,703.38). Also, insider Sharon Fennessy bought 650 shares of the firm’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of GBX 3,750 ($45.89) per share, with a total value of £24,375 ($29,827.46). Insiders own 11.05% of the company’s stock.

About Morgan Sindall Group

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.