MJ Gleeson (LON:GLE) Shares Cross Below Two Hundred Day Moving Average – What’s Next?

MJ Gleeson plc (LON:GLE)’s stock price passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 528.43 ($6.80) and traded as low as GBX 465 ($5.99). MJ Gleeson shares last traded at GBX 468 ($6.03), with a volume of 18,561 shares traded.

MJ Gleeson Stock Down 2.1 %

The stock has a market cap of £283.05 million, a price-to-earnings ratio of 14.65 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. The firm’s 50-day simple moving average is GBX 480.06 and its two-hundred day simple moving average is GBX 528.43.

MJ Gleeson (LON:GLE) last issued its quarterly earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) earnings per share for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. On average, sell-side analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Activity

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average cost of GBX 499 ($6.42) per share, with a total value of £40,019.80 ($51,525.43). 16.85% of the stock is currently owned by insiders.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.