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MJ Gleeson (LON:GLE) Stock Passes Above 200 Day Moving Average - Here's Why

MJ Gleeson logo with Consumer Cyclical background

MJ Gleeson plc (LON:GLE - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 494.50 ($6.68) and traded as high as GBX 530 ($7.16). MJ Gleeson shares last traded at GBX 502 ($6.78), with a volume of 7,206 shares.

MJ Gleeson Price Performance

The firm 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 quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The business's 50 day moving average is GBX 487.07 and its 200-day moving average is GBX 492.60.

MJ Gleeson Company Profile

(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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