Forterra (LON:FORT) Shares Cross Below Fifty Day Moving Average - Time to Sell?

Forterra plc (LON:FORT - Get Free Report)'s share price crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 188.11 ($2.55) and traded as low as GBX 187.40 ($2.54). Forterra shares last traded at GBX 188 ($2.55), with a volume of 234,037 shares trading hands.

Analyst Upgrades and Downgrades

FORT has been the subject of several research analyst reports. Berenberg Bank reaffirmed a "hold" rating and set a GBX 170 ($2.30) price target on shares of Forterra in a research note on Wednesday, March 12th. Royal Bank Of Canada lifted their price target on shares of Forterra from GBX 210 ($2.84) to GBX 220 ($2.98) and gave the company an "outperform" rating in a research note on Thursday, March 13th.

Forterra Stock Down 0.4%

The company has a market capitalization of £380.36 million, a price-to-earnings ratio of 48.28, a P/E/G ratio of 0.30 and a beta of 1.25. The business's 50-day moving average is GBX 188.78 and its 200-day moving average is GBX 171.94. The company has a quick ratio of 0.82, a current ratio of 1.79 and a debt-to-equity ratio of 59.58.

Insider Activity at Forterra

In other news, insider Katherine Innes acquired 2,600 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was acquired at an average price of GBX 173 ($2.34) per share, for a total transaction of £4,498 ($6,089.90). Also, insider Ben Guyatt sold 37,622 shares of the company's stock in a transaction dated Monday, April 7th. The stock was sold at an average price of GBX 157 ($2.13), for a total transaction of £59,066.54 ($79,970.95). 6.91% of the stock is currently owned by insiders.

About Forterra

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.