Coral Products (LON:CRU) Stock Price Down 12.5% – Here’s What Happened

Coral Products PLC (LON:CRU) traded down 12.5% during trading on Monday . The stock traded as low as GBX 5.56 ($0.07) and last traded at GBX 5.56 ($0.07). 114,836 shares changed hands during mid-day trading, an increase of 16% from the average session volume of 99,329 shares. The stock had previously closed at GBX 6.36 ($0.08).

Coral Products Trading Down 5.9 %

The company’s 50 day moving average is GBX 7.06 and its 200 day moving average is GBX 9. The company has a debt-to-equity ratio of 93.25, a quick ratio of 0.74 and a current ratio of 1.19. The stock has a market capitalization of £5.34 million, a price-to-earnings ratio of -600.00 and a beta of 0.64.

Coral Products (LON:CRU) last announced its quarterly 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%. On average, research analysts forecast that Coral Products PLC will post 0.9733456 EPS for the current fiscal year.

Insider Activity at Coral Products

In other Coral Products news, insider Joseph (Joe) Grimmond acquired 75,000 shares of the business’s stock in a transaction dated Monday, January 27th. The shares were acquired at an average price of GBX 6 ($0.07) per share, with a total value of £4,500 ($5,599.10). 39.93% of the stock is currently owned by corporate insiders.

Coral Products Company Profile

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.