Nexus Infrastructure (LON:NEXS) Share Price Passes Below 50 Day Moving Average – Here’s Why

Nexus Infrastructure plc (LON:NEXS)’s stock price passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 106.49 and traded as low as GBX 103.50. Nexus Infrastructure shares last traded at GBX 105, with a volume of 1 shares.

Nexus Infrastructure Trading Up 1.0%

The company has a quick ratio of 1.21, a current ratio of 2.19 and a debt-to-equity ratio of 45.80. The firm’s 50-day simple moving average is GBX 106.49 and its 200 day simple moving average is GBX 111.16. The stock has a market capitalization of £9.49 million, a P/E ratio of -5.98 and a beta of 0.31.

Nexus Infrastructure (LON:NEXS) last issued its earnings results on Thursday, May 14th. The company reported GBX (11.90) earnings per share for the quarter. The business had revenue of GBX 3,231 million for the quarter. Nexus Infrastructure had a negative return on equity of 5.93% and a negative net margin of 2.35%. Equities research analysts anticipate that Nexus Infrastructure plc will post 9.0100003 EPS for the current fiscal year.

About Nexus Infrastructure

Nexus is a leading provider of civil engineering infrastructure solutions through its two subsidiaries: Tamdown Group Limited and Coleman Construction & Utilities Limited.

Tamdown provides a range of civil engineering and infrastructure solutions to the UK housebuilding sector, with operations focused on the South-East of England and London. It has an established market-leading position, having been in operation for over 48 years.

Coleman delivers civil engineering and building projects in the water, rail, highways and rivers & marine sectors.