Morgan Sindall Group (LON:MGNS) Stock Price Crosses Above Two Hundred Day Moving Average – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS) crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,212.71 ($39.91) and traded as high as GBX 3,865 ($48.01). Morgan Sindall Group shares last traded at GBX 3,860 ($47.95), with a volume of 34,610 shares trading hands.

Morgan Sindall Group Trading Down 0.3 %

The company has a market cap of £1.81 billion, a P/E ratio of 1,473.28, a P/E/G ratio of -68.20 and a beta of 1.31. The business has a fifty day simple moving average of GBX 3,821.79 and a 200 day simple moving average of GBX 3,217.07. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18.

Insider Buying and Selling

In other Morgan Sindall Group news, insider Sharon Fennessy bought 650 shares of the stock in a transaction that occurred on Tuesday, October 29th. The shares were purchased at an average cost of GBX 3,750 ($46.58) per share, for a total transaction of £24,375 ($30,279.50). Also, insider John Christopher Morgan sold 16,968 shares of the firm’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($48.32), for a total value of £660,055.20 ($819,944.35). 11.05% of the stock is owned by company insiders.

About Morgan Sindall Group

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.