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

Key Points

• MJ Gleeson plc saw its share price fall below its 200-day moving average of GBX 430.17, trading as low as GBX 326, raising concerns for investors.
• Insider activity includes acquisitions from Fiona Clare Goldsmith and Nicola Bruce, who bought a combined total of 7,883 shares in the last 90 days, showing potential confidence in the company's future.
• The company's P/E ratio stands at an unusually high 1,176.05, indicating potential overvaluation compared to its industry peers.

MJ Gleeson plc (LON:GLE - )'s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 430.17 ($5.81) and traded as low as GBX 326 ($4.40). MJ Gleeson shares last traded at GBX 332 ($4.48), with a volume of 527,681 shares.

MJ Gleeson Trading Up 0.6%

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 firm's 50-day simple moving average is GBX 359.77 and its 200 day simple moving average is GBX 430.17. The stock has a market capitalization of £193.81 million, a P/E ratio of 1,176.05 and a beta of 1.14.

Insider Activity

In related news, insider Fiona Clare Goldsmith acquired 5,000 shares of the business's stock in a transaction on Wednesday, June 11th. The shares were purchased at an average price of GBX 397 per share, for a total transaction of £19,850. Also, insider Nicola Bruce acquired 2,721 shares of the business's stock in a transaction on Wednesday, July 9th. The shares were bought at an average price of GBX 370 per share, for a total transaction of £10,067.70. In the last 90 days, insiders have acquired 7,883 shares of company stock worth $3,051,224. Corporate insiders own 13.22% of the company's stock.

About MJ Gleeson

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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