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

MJ Gleeson logo with Consumer Cyclical background

MJ Gleeson plc (LON:GLE - Get Free Report) passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 480.93 ($6.45) and traded as low as GBX 383 ($5.14). MJ Gleeson shares last traded at GBX 388 ($5.21), with a volume of 51,735 shares changing hands.

MJ Gleeson Trading Up 0.8%

The company's 50-day moving average price is GBX 473.88 and its 200-day moving average price is GBX 480.93. The firm has a market cap of £234.66 million, a price-to-earnings ratio of 12.15 and a beta of 1.14. 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

In other MJ Gleeson news, insider Fiona Clare Goldsmith purchased 5,000 shares of the stock in a transaction that occurred on Wednesday, June 11th. The shares were purchased at an average cost of GBX 397 ($5.33) per share, for a total transaction of £19,850 ($26,637.14). Also, insider Graham Prothero purchased 7,692 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were acquired at an average price of GBX 390 ($5.23) per share, for a total transaction of £29,998.80 ($40,256.04). 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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