MJ Gleeson (LON:GLE) Stock Price Crosses Below 200 Day Moving Average - Here's What Happened

MJ Gleeson plc (LON:GLE - Get Free Report)'s stock price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 505.16 ($6.70) and traded as low as GBX 502 ($6.66). MJ Gleeson shares last traded at GBX 502 ($6.66), with a volume of 21,706 shares trading hands.

MJ Gleeson Stock Down 0.6 %

The firm's 50 day moving average price is GBX 472.41 and its two-hundred day moving average price is GBX 504.55. 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 has a market cap of £311.47 million, a price-to-earnings ratio of 16.12 and a beta of 1.14.

MJ Gleeson (LON:GLE - Get Free Report) last released its earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) EPS for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. As a group, sell-side analysts forecast that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider Graham Prothero purchased 8,020 shares of the stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average price of GBX 499 ($6.62) per share, for a total transaction of £40,019.80 ($53,090.74). 16.85% of the stock is currently owned by corporate insiders.

MJ Gleeson Company Profile

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.