MJ Gleeson (LON:GLE) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Shares of MJ Gleeson plc (LON:GLE - Get Free Report) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 485.70 ($6.56) and traded as low as GBX 377 ($5.09). MJ Gleeson shares last traded at GBX 380 ($5.13), with a volume of 1,500,772 shares.

MJ Gleeson Stock Performance

The company has a market cap of £240.11 million, a P/E ratio of 12.43 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 has a fifty day simple moving average of GBX 480.93 and a two-hundred day simple moving average of GBX 485.70.

Insider Transactions at MJ Gleeson

In related news, insider Graham Prothero bought 7,692 shares of the stock in a transaction that occurred on Wednesday, June 4th. The shares were bought at an average cost of GBX 390 ($5.27) per share, for a total transaction of £29,998.80 ($40,500.61). Company insiders own 16.85% 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.