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

MJ Gleeson logo with Consumer Cyclical background

Key Points

  • MJ Gleeson plc's share price has fallen below its 200-day moving average of GBX 441.09, currently trading at GBX 353 ($4.75), indicating potential downward momentum.
  • Insider buying activity is notable, with several insiders purchasing a total of 15,575 shares in recent transactions, signaling confidence in the company's future.
  • The company operates in affordable housing, with Gleeson Homes' average selling price significantly lower than that of other builders in the same regions, highlighting its focus on low-cost housing solutions.
  • Looking to export and analyze MJ Gleeson data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Shares of MJ Gleeson plc (LON:GLE - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 441.09 ($5.96) and traded as low as GBX 351 ($4.74). MJ Gleeson shares last traded at GBX 353 ($4.77), with a volume of 56,755 shares.

MJ Gleeson Stock Performance

The firm has a market capitalization of £211.68 million, a PE ratio of 10.96 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. The company's fifty day moving average price is GBX 369.49 and its two-hundred day moving average price is GBX 439.34.

Insider Activity at MJ Gleeson

In other MJ Gleeson news, insider Graham Prothero purchased 7,692 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The shares were purchased at an average price of GBX 390 per share, for a total transaction of £29,998.80. Also, insider Nicola Bruce purchased 2,721 shares of the business's stock in a transaction that occurred on Wednesday, July 9th. The stock was acquired at an average price of GBX 370 per share, for a total transaction of £10,067.70. Over the last quarter, insiders have acquired 15,575 shares of company stock worth $6,051,104. Company insiders own 16.85% of the company's stock.

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.

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