OSB Group (LON:OSB) Share Price Crosses Above 50-Day Moving Average - Here's What Happened

OSB Group Plc (LON:OSB - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 512.57 ($6.89) and traded as high as GBX 571.50 ($7.68). OSB Group shares last traded at GBX 559.25 ($7.52), with a volume of 454,871 shares traded.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a "buy" rating on shares of OSB Group in a research note on Wednesday, April 30th.

OSB Group Stock Up 0.5%

The firm's 50 day simple moving average is GBX 517.51 and its 200-day simple moving average is GBX 460.07. The company has a market capitalization of £2.07 billion, a PE ratio of 5.58 and a beta of 1.41.

Insider Buying and Selling at OSB Group

In related news, insider Andy Golding sold 251,584 shares of the stock in a transaction on Friday, May 9th. The stock was sold at an average price of GBX 484 ($6.50), for a total value of £1,217,666.56 ($1,636,428.65). Insiders own 0.85% of the company's stock.

OSB Group Company Profile

OSB Group Plc, through its subsidiaries, operates as a specialist mortgage lending and retail savings company in the United Kingdom and the Channel Islands. It provides private rented sector related buy-to-let, commercial and semi-commercial mortgages, residential development finance, secured funding, bridging, and asset finance services.