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MJ Gleeson (LON:GLE) Stock 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 crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 459.12 ($6.17) and traded as low as GBX 363.47 ($4.88). MJ Gleeson shares last traded at GBX 367 ($4.93), with a volume of 581,235 shares changing hands.

MJ Gleeson Stock Performance

The company has a market cap of £226.20 million, a P/E ratio of 11.71 and a beta of 1.14. The company's 50-day moving average is GBX 410.65 and its two-hundred day moving average is GBX 457.05. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70.

Insider Activity at MJ Gleeson

In other MJ Gleeson news, insider Nicola Bruce acquired 2,721 shares of the company's stock in a transaction on Wednesday, July 9th. The shares were acquired at an average cost of GBX 370 ($4.97) per share, with a total value of £10,067.70 ($13,530.04). Also, insider Fiona Clare Goldsmith acquired 5,000 shares of the company's stock in a transaction on Wednesday, June 11th. The shares were acquired at an average cost of GBX 397 ($5.34) per share, for a total transaction of £19,850 ($26,676.52). Over the last 90 days, insiders purchased 15,575 shares of company stock worth $6,051,104. 16.85% of the stock is owned by company insiders.

About MJ Gleeson

(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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