Mountview Estates (LON:MTVW) Share Price Crosses Below 50 Day Moving Average – Time to Sell?

Mountview Estates P.L.C. (LON:MTVW) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 9,896.91 ($132.22) and traded as low as GBX 9,550 ($127.59). Mountview Estates shares last traded at GBX 9,907.50 ($132.36), with a volume of 51 shares changing hands.

Mountview Estates Price Performance

The company has a debt-to-equity ratio of 16.64, a current ratio of 121.68 and a quick ratio of 0.79. The company’s 50 day moving average price is GBX 9,896.91 and its 200 day moving average price is GBX 9,730.58. The firm has a market capitalization of £386.29 million, a P/E ratio of 16.44 and a beta of 0.47.

Insider Activity at Mountview Estates

In related news, insider Duncan M. Sinclair purchased 1,551 shares of the firm’s stock in a transaction dated Thursday, October 16th. The shares were acquired at an average cost of GBX 9,650 per share, with a total value of £149,671.50. Insiders have purchased 2,626 shares of company stock worth $25,340,900 over the last quarter. 28.76% of the stock is owned by corporate insiders.

Mountview Estates Company Profile

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.