Forterra (LON:FORT) Sets New 12-Month High - Time to Buy?

Shares of Forterra plc (LON:FORT - Get Free Report) hit a new 52-week high during trading on Wednesday . The company traded as high as GBX 202.68 ($2.73) and last traded at GBX 200 ($2.70), with a volume of 1556425 shares changing hands. The stock had previously closed at GBX 198.40 ($2.68).

Forterra Trading Down 0.6%

The firm has a market capitalization of £405.01 million, a P/E ratio of 51.41, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The stock's 50-day simple moving average is GBX 193.20 and its two-hundred day simple moving average is GBX 174.01. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won't be far from a building with a Forterra product within its fabric. Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.