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

Key Points

• The Alumasc Group's share price fell below its 200-day moving average of GBX 352.33 ($4.74), with the stock trading as low as GBX 350 ($4.71).
• Insider Michael Leaf sold 90,000 shares at an average price of GBX 381, totaling £342,900, while insiders own 47.23% of the company's stock.
• The firm's market cap is £125.34 million and its price-to-earnings ratio stands at 14.40, indicating its financial stability in a challenging market.

The Alumasc Group plc (LON:ALU - )'s share price passed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 352.33 ($4.74) and traded as low as GBX 350 ($4.71). The Alumasc Group shares last traded at GBX 352.75 ($4.75), with a volume of 24,920 shares trading hands.

The Alumasc Group Price Performance

The company has a debt-to-equity ratio of 58.17, a quick ratio of 1.19 and a current ratio of 1.66. The firm has a market cap of £125.34 million, a price-to-earnings ratio of 14.40 and a beta of 0.90. The stock's 50 day simple moving average is GBX 363.86 and its 200-day simple moving average is GBX 352.33.

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 that occurred on Wednesday, June 11th. The shares were sold at an average price of GBX 381, for a total transaction of £342,900. Insiders own 47.23% of the company's stock.

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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