OSB Group (LON:OSB) Share Price Passes Above 50 Day Moving Average - Time to Sell?

Shares of OSB Group Plc (LON:OSB - Get Free Report) crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 500.85 ($6.72) and traded as high as GBX 562 ($7.54). OSB Group shares last traded at GBX 561 ($7.53), with a volume of 578,983 shares traded.

Analyst Ratings Changes

Separately, Shore Capital restated a "buy" rating on shares of OSB Group in a report on Wednesday, April 30th.

OSB Group Price Performance

The company has a fifty day moving average of GBX 505.72 and a 200 day moving average of GBX 451.50. The firm has a market capitalization of £2.08 billion, a P/E ratio of 5.62 and a beta of 1.41.

Insider Activity at OSB Group

In related news, insider Andy Golding sold 251,584 shares of OSB Group stock in a transaction on Friday, May 9th. The shares were sold at an average price of GBX 484 ($6.49), for a total transaction of £1,217,666.56 ($1,634,013.10). Corporate 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.