MJ Gleeson plc (LON:GLE - Get Free Report)'s share price was down 20.2% during mid-day trading on Tuesday . The company traded as low as GBX 372 ($5.04) and last traded at GBX 412 ($5.58). Approximately 281,848 shares were traded during trading, an increase of 275% from the average daily volume of 75,247 shares. The stock had previously closed at GBX 516 ($6.99).
MJ Gleeson Trading Down 1.0%
The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The firm has a market capitalization of £232.25 million, a price-to-earnings ratio of 12.02 and a beta of 1.14. The business's 50 day moving average price is GBX 488.12 and its 200-day moving average price is GBX 489.75.
Insiders Place Their Bets
In related news, insider Graham Prothero bought 7,692 shares of the company's stock in a transaction 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 ($40,654.29). 16.85% of the stock is currently owned by insiders.
MJ Gleeson Company Profile
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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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