Ocean Wilsons (LON:OCN) Shares Cross Below 200-Day Moving Average - Time to Sell?

Key Points

• Ocean Wilsons Holdings Limited's share price has dropped below its 200-day moving average, which stands at GBX 1,341 ($18.03), indicating potential weakness in the stock's performance.
• The company currently has a market cap of £323.92 million and a high PE ratio of 564.87, suggesting the stock may be overvalued relative to its earnings.
• Insider Leslie Rans sold 500 shares of the company at an average price of GBX 1,241, reflecting a lack of confidence in the stock's near-term prospects.

Ocean Wilsons Holdings Limited (LON:OCN - )'s share price crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 1,341 ($18.03) and traded as low as GBX 1,120 ($15.06). Ocean Wilsons shares last traded at GBX 1,140 ($15.33), with a volume of 51,271 shares changing hands.

Ocean Wilsons Stock Up 0.4%

The company has a market cap of £323.92 million, a PE ratio of 564.87 and a beta of 0.96. The stock's 50 day moving average price is GBX 1,199.63 and its 200-day moving average price is GBX 1,341. The company has a debt-to-equity ratio of 85.64, a quick ratio of 2.96 and a current ratio of 2.74.

Insider Activity

In other news, insider Leslie Rans sold 500 shares of the company's stock in a transaction on Tuesday, July 29th. The shares were sold at an average price of GBX 1,241, for a total value of £6,205. Company insiders own 31.16% of the company's stock.

About Ocean Wilsons

Ocean Wilsons Holdings Limited, an investment holding company, offers maritime and logistics services in Brazil. It operates in two segments, Maritime Services and Investments. The Maritime Services segment provides towage, ship agency, port terminals, offshore, logistics, and shipyard services. The Investments segment holds a portfolio of international investments.

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