Coral Products (LON:CRU) Shares Down 17.5% – Should You Sell?

Coral Products PLC (LON:CRU)’s stock price was down 17.5% during trading on Monday . The stock traded as low as GBX 5.92 and last traded at GBX 5.92. Approximately 638,621 shares traded hands during trading, an increase of 385% from the average daily volume of 131,606 shares. The stock had previously closed at GBX 7.18.

Coral Products Price Performance

The company’s 50 day moving average is GBX 8.11 and its 200 day moving average is GBX 8.55. The company has a current ratio of 1.14, a quick ratio of 0.74 and a debt-to-equity ratio of 119.30. The stock has a market capitalization of £5.75 million, a price-to-earnings ratio of 3.02 and a beta of 0.64.

Insider Buying and Selling at Coral Products

In related news, insider David Low purchased 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were purchased at an average cost of GBX 6 per share, for a total transaction of £3,000. Also, insider Ian Hillman purchased 80,907 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were bought at an average price of GBX 6 per share, for a total transaction of £4,854.42. 32.86% of the stock is owned by company insiders.

About Coral Products

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.