Abbey (LON:ABBY) Stock Price Crosses Below 200 Day Moving Average – Here’s Why

Shares of Abbey plc (LON:ABBY) crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 1,600 ($20.77) and traded as low as GBX 1,575 ($20.45). Abbey shares last traded at GBX 1,600 ($20.77), with a volume of 83,347 shares trading hands.

Abbey Stock Performance

The company has a debt-to-equity ratio of 0.04, a current ratio of 7.22 and a quick ratio of 2.38. The company has a market capitalization of £334.03 million and a price-to-earnings ratio of 12.79. The stock has a 50-day moving average price of GBX 1,600 and a 200-day moving average price of GBX 1,600.

Abbey Company Profile

Abbey plc, together with its subsidiaries, engages in the building and property development, plant hire, and property rental activities in the Republic of Ireland, the United Kingdom, and the Czech Republic. The company is involved in the residential housing and land development activities. It also engages in the hire, rental, sale, and maintenance of construction plant, vehicles, tools, and portable buildings.