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

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 Monday . The stock has a two hundred day moving average of GBX 508.64 ($6.76) and traded as low as GBX 452 ($6.01). MJ Gleeson shares last traded at GBX 461 ($6.13), with a volume of 19,684 shares.

MJ Gleeson Price Performance

The stock has a 50 day moving average price of GBX 469.88 and a 200 day moving average price of GBX 506.66. The company has a market capitalization of £308.45 million, a P/E ratio of 15.96 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.

MJ Gleeson (LON:GLE - Get Free Report) last issued its earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) earnings per share for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. Equities research analysts forecast that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

Insider Buying and Selling

In other MJ Gleeson news, insider Graham Prothero acquired 8,020 shares of the business's stock in a transaction that occurred on Tuesday, February 11th. The stock was bought at an average cost of GBX 499 ($6.64) per share, with a total value of £40,019.80 ($53,224.90). 16.85% of the stock is owned by 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.

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