The Alumasc Group (LON:ALU) Shares Pass Below 200 Day Moving Average - Here's What Happened

Key Points

• The Alumasc Group shares crossed below their 200‑day moving average (200‑day MA GBX 259.95), trading as low as GBX 249.75 on Tuesday with about 22,032 shares changing hands.
• Insider purchases: Vijay Thakrar and Pamela Bingham each bought 25,000 shares at GBX 240 on April 20, and company insiders now own 27.61% of the stock.
• Key fundamentals: market cap £89.81m, P/E 12.24, ROE 18.04% and net margin 7.07%; the company reported quarterly EPS of GBX 8.30 and analysts forecast roughly 29.39 EPS for the current fiscal year.

The Alumasc Group plc (LON:ALU - Get Free Report)'s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 259.95 and traded as low as GBX 249.75. The Alumasc Group shares last traded at GBX 249.75, with a volume of 22,032 shares trading hands.

The Alumasc Group Stock Performance

The company has a current ratio of 1.88, a quick ratio of 1.19 and a debt-to-equity ratio of 60.88. The stock's 50-day simple moving average is GBX 250.14 and its 200-day simple moving average is GBX 259.95. The stock has a market cap of £89.81 million, a price-to-earnings ratio of 12.24 and a beta of 0.71.

The Alumasc Group (LON:ALU - Get Free Report) last posted its quarterly earnings data on Tuesday, February 3rd. The company reported GBX 8.30 EPS for the quarter. The Alumasc Group had a return on equity of 18.04% and a net margin of 7.07%. Analysts forecast that The Alumasc Group plc will post 29.3908629 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Vijay Thakrar acquired 25,000 shares of the stock in a transaction on Monday, April 20th. The stock was acquired at an average cost of GBX 240 per share, for a total transaction of £60,000. Also, insider Pamela Bingham purchased 25,000 shares of the firm's stock in a transaction dated Monday, April 20th. The stock was acquired at an average price of GBX 240 per share, for a total transaction of £60,000. 27.61% of the stock is owned by company insiders.

About The Alumasc Group

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.

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