MJ Gleeson (LON:GLE) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 508.64 ($6.81) and traded as low as GBX 452 ($6.05). MJ Gleeson shares last traded at GBX 461 ($6.17), with a volume of 19,684 shares trading hands.

MJ Gleeson Stock Down 0.2 %

The firm’s 50 day moving average price is GBX 469.26 and its 200-day moving average price is GBX 508.64. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 1.70. The company has a market cap of £278.21 million, a P/E ratio of 14.40 and a beta of 1.14.

MJ Gleeson (LON:GLE) last issued its earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) EPS for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. As a group, equities research analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Insider Activity

In other news, insider Graham Prothero bought 8,020 shares of the business’s stock in a transaction on Tuesday, February 11th. The shares were bought at an average cost of GBX 499 ($6.68) per share, for a total transaction of £40,019.80 ($53,552.52). 16.85% of the stock is currently owned by company insiders.

About MJ Gleeson

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.