MJ Gleeson (LON:GLE) Stock Passes Below Two Hundred Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 532.31 ($6.90) and traded as low as GBX 427.75 ($5.55). MJ Gleeson shares last traded at GBX 466.50 ($6.05), with a volume of 167,153 shares.

MJ Gleeson Price Performance

The company has a 50 day moving average of GBX 478.53 and a 200 day moving average of GBX 531.55. 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 firm has a market cap of £289.10 million, a price-to-earnings ratio of 14.96 and a beta of 1.14.

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

Insider Buying and Selling at MJ Gleeson

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the firm’s stock in a transaction dated Tuesday, February 11th. The stock was bought at an average cost of GBX 499 ($6.47) per share, with a total value of £40,019.80 ($51,892.89). Insiders own 16.85% of the company’s stock.

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.