MJ Gleeson (LON:GLE) Shares Pass Below 200-Day Moving Average - Here's Why

MJ Gleeson plc (LON:GLE - Get Free Report) shares passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 469.57 ($6.39) and traded as low as GBX 363.30 ($4.94). MJ Gleeson shares last traded at GBX 364 ($4.95), with a volume of 847,604 shares changing hands.

MJ Gleeson Stock Up 0.8%

The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 1.70. The company has a market capitalization of £222.57 million, a price-to-earnings ratio of 11.52 and a beta of 1.14. The firm's 50 day simple moving average is GBX 451.58 and its 200-day simple moving average is GBX 469.57.

Insider Buying and Selling at MJ Gleeson

In other news, insider Graham Prothero acquired 7,692 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were bought at an average cost of GBX 390 ($5.31) per share, with a total value of £29,998.80 ($40,831.36). Also, insider Fiona Clare Goldsmith acquired 5,000 shares of the company's stock in a transaction on Wednesday, June 11th. The stock was purchased at an average cost of GBX 397 ($5.40) per share, for a total transaction of £19,850 ($27,017.83). Insiders acquired a total of 12,854 shares of company stock worth $5,044,334 over the last three months. 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.