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

Key Points

• MJ Gleeson shares have crossed below their 200-day moving average of GBX 446.48, trading as low as GBX 352 during recent sessions.
• The company has seen significant insider buying, with 15,575 shares valued at over $6 million purchased by insiders in the last 90 days.
• MJ Gleeson operates primarily in affordable housing, with its homes priced significantly lower than the average in the region, focusing on the Midlands and North of England.

MJ Gleeson plc (LON:GLE - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 446.48 ($6.05) and traded as low as GBX 352 ($4.77). MJ Gleeson shares last traded at GBX 356 ($4.83), with a volume of 22,266 shares.

MJ Gleeson Trading Down 2.2%

The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The stock's fifty day moving average price is GBX 372.85 and its two-hundred day moving average price is GBX 444.10. The company has a market capitalization of £212.89 million, a PE ratio of 11.02 and a beta of 1.14.

Insider Buying and Selling

In related news, insider Nicola Bruce purchased 2,721 shares of the firm's stock in a transaction that occurred on Wednesday, July 9th. The stock was bought at an average cost of GBX 370 ($5.01) per share, with a total value of £10,067.70 ($13,645.57). Also, insider Graham Prothero purchased 7,692 shares of the firm's stock in a transaction that occurred on Wednesday, June 4th. The stock was bought at an average cost of GBX 390 ($5.29) per share, with a total value of £29,998.80 ($40,659.80). Insiders purchased a total of 15,575 shares of company stock valued at $6,051,104 over the last three months. Corporate insiders own 16.85% of the company's stock.

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.