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MJ Gleeson (LON:GLE) Stock Price Passes Below 200 Day Moving Average - Should You Sell?

MJ Gleeson logo with Consumer Cyclical background

MJ Gleeson plc (LON:GLE - Get Free Report) shares passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 463.91 ($6.23) and traded as low as GBX 366 ($4.91). MJ Gleeson shares last traded at GBX 368.13 ($4.94), with a volume of 45,152 shares trading hands.

MJ Gleeson Stock Down 0.1%

The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The firm's fifty day moving average is GBX 428.14 and its two-hundred day moving average is GBX 462.28. The firm has a market cap of £218.81 million, a price-to-earnings ratio of 11.32 and a beta of 1.14.

Insider Transactions at MJ Gleeson

In other news, insider Nicola Bruce bought 2,721 shares of the business's stock in a transaction on Wednesday, July 9th. The stock was purchased at an average cost of GBX 370 ($4.97) per share, for a total transaction of £10,067.70 ($13,519.14). Also, insider Fiona Clare Goldsmith bought 5,000 shares of the business's stock in a transaction on Wednesday, June 11th. The stock was purchased at an average price of GBX 397 ($5.33) per share, with a total value of £19,850 ($26,655.03). Over the last three months, insiders acquired 15,575 shares of company stock worth $6,051,104. Company insiders own 16.85% of the company's stock.

MJ Gleeson Company Profile

(Get Free Report)

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of "Building Homes. Changing Lives." Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes' average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.

Further Reading

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