MJ Gleeson (LON:GLE) Stock Price Crosses Below Two Hundred Day Moving Average - Should You Sell?

Key Points

• The stock price of MJ Gleeson plc fell below its 200-day moving average of GBX 452.83, closing at GBX 353 ($4.69), a drop of 2.5%.
• Insider trading activity includes purchases by two insiders, totaling 15,575 shares in the last 90 days, emphasizing confidence among executives despite stock declines.
• MJ Gleeson operates as a leading affordable housebuilder, with its average selling price being 34% lower than that of competitors in the same market.

MJ Gleeson plc (LON:GLE - )'s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 452.83 ($6.01) and traded as low as GBX 353 ($4.69). MJ Gleeson shares last traded at GBX 353 ($4.69), with a volume of 101,090 shares trading hands.

MJ Gleeson Stock Down 2.5%

The firm's 50 day simple moving average is GBX 394.61 and its 200 day simple moving average is GBX 452.83. The company has a market cap of £213.50 million, a price-to-earnings ratio of 11.05 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70.

Insider Buying and Selling at MJ Gleeson

In other news, insider Graham Prothero purchased 7,692 shares of the company's stock in a transaction on Wednesday, June 4th. The shares were bought at an average price of GBX 390 ($5.18) per share, for a total transaction of £29,998.80 ($39,817.89). Also, insider Nicola Bruce purchased 2,721 shares of the company's stock in a transaction on Wednesday, July 9th. The stock was purchased at an average price of GBX 370 ($4.91) per share, for a total transaction of £10,067.70 ($13,363.02). Over the last 90 days, insiders have bought 15,575 shares of company stock worth $6,051,104. 16.85% of the stock is owned by company insiders.

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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