Forterra (LON:FORT) Share Price Passes Below 50 Day Moving Average - Here's Why

Forterra plc (LON:FORT - Get Free Report)'s stock price crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 188.11 ($2.53) and traded as low as GBX 187.40 ($2.52). Forterra shares last traded at GBX 188 ($2.53), with a volume of 234,037 shares changing hands.

Analyst Upgrades and Downgrades

FORT has been the subject of a number of recent analyst reports. Royal Bank Of Canada upped their price target on shares of Forterra from GBX 210 ($2.82) to GBX 220 ($2.96) and gave the company an "outperform" rating in a report on Thursday, March 13th. Berenberg Bank reiterated a "hold" rating and set a GBX 170 ($2.29) price target on shares of Forterra in a report on Wednesday, March 12th.

Forterra Stock Down 1.1%

The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 59.58. The firm has a market capitalization of £382.01 million, a P/E ratio of 48.49, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The company's fifty day simple moving average is GBX 188.45 and its 200 day simple moving average is GBX 171.98.

Insiders Place Their Bets

In other Forterra news, insider Ben Guyatt sold 37,622 shares of the company's stock in a transaction on Monday, April 7th. The shares were sold at an average price of GBX 157 ($2.11), for a total value of £59,066.54 ($79,433.22). Also, insider Katherine Innes acquired 2,600 shares of the firm's stock in a transaction on Tuesday, April 1st. The stock was bought at an average price of GBX 173 ($2.33) per share, with a total value of £4,498 ($6,048.95). Company insiders own 6.91% of the company's stock.

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.