Ibstock (LON:IBST) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Ibstock plc (LON:IBST)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 185.12 ($2.28) and traded as low as GBX 159.60 ($1.96). Ibstock shares last traded at GBX 166 ($2.04), with a volume of 1,570,704 shares.

Ibstock Price Performance

The company’s 50-day simple moving average is GBX 185.12 and its 200 day simple moving average is GBX 183.55. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37. The company has a market cap of £644.93 million, a PE ratio of 8,187.35, a PEG ratio of 0.47 and a beta of 1.34.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.