Coral Products (LON:CRU) Trading 13.3% Higher Following Insider Buying Activity

Coral Products PLC (LON:CRUGet Free Report)’s share price traded up 13.3% during trading on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.38 ($0.08). 317,309 shares traded hands during mid-day trading, an increase of 116% from the average session volume of 147,024 shares. The stock had previously closed at GBX 5.63 ($0.07).

Specifically, insider Joseph (Joe) Grimmond acquired 75,000 shares of the stock in a transaction dated Monday, January 27th. The stock was acquired at an average cost of GBX 6 ($0.07) per share, for a total transaction of £4,500 ($5,602.59).

Coral Products Stock Down 0.1 %

The company’s 50 day moving average price is GBX 7.04 and its 200 day moving average price is GBX 8.94. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 93.25. The firm has a market capitalization of £5.67 million, a price-to-earnings ratio of -637.00 and a beta of 0.64.

Coral Products (LON:CRUGet Free Report) last posted its earnings results 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 7.00%. As a group, research analysts forecast that Coral Products PLC will post 0.9733456 earnings per share for the current fiscal year.

Coral Products Company Profile

(Get Free Report)

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.

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