The Alumasc Group (LON:ALU) Shares Cross Above Fifty Day Moving Average - What's Next?

Key Points

• The Alumasc Group's stock price rose above its fifty-day moving average, with a latest trade at GBX 375 ($4.98), indicating positive market momentum.
• The company has a market capitalization of £133.57 million and a strong liquidity position, reflected in a current ratio of 1.66.
• Insider Michael Leaf sold 90,000 shares at an average price of GBX 381 ($5.06), raising concerns about insider activity amid a significant percentage of company ownership (~47.23%) held by insiders.

The Alumasc Group plc (LON:ALU - Get Free Report) passed above its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 366.99 ($4.94) and traded as high as GBX 379 ($5.10). The Alumasc Group shares last traded at GBX 375 ($5.04), with a volume of 41,254 shares trading hands.

The Alumasc Group Stock Up 1.7%

The company has a debt-to-equity ratio of 58.17, a current ratio of 1.66 and a quick ratio of 1.19. The company has a market cap of £134.44 million, a price-to-earnings ratio of 15.45 and a beta of 0.90. The firm's 50 day simple moving average is GBX 367.49 and its 200-day simple moving average is GBX 348.48.

Insider Transactions at The Alumasc Group

In other The Alumasc Group news, insider Michael Leaf sold 90,000 shares of the company's stock in a transaction dated Wednesday, June 11th. The shares were sold at an average price of GBX 381 ($5.12), for a total transaction of £342,900 ($461,135.02). 47.23% of the stock is owned by corporate insiders.

The Alumasc Group Company Profile

Alumasc is a UK-based supplier of premium building products, systems and solutions. Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered. Over 90% of group sales relate to one or more of the following long-term strategic growth drivers: Energy management, Water management, Bespoke architectural solutions and Ease of construction (including off-site construction) Our strategy is enabling us to outperform the UK construction market, and we are leveraging this through growth in export sales.