The Alumasc Group (LON:ALU) Stock Crosses Below 200-Day Moving Average - Here's Why

Key Points

• Technical breach: The stock slipped below its 200-day moving average (200‑day MA GBX 257.27), trading as low as GBX 244.55 on Wednesday with a volume of 22,040 shares.
• Insider buying: Two insiders (Pamela Bingham and Vijay Thakrar) each bought 25,000 shares at GBX 240 on April 20 (combined value £120,000), and insiders now own 27.61% of the company.
• Valuation and results: Alumasc has a market cap of £89.14m and a P/E of 12.15, reported EPS of GBX 8.30 for the quarter, and analysts project about 29.39 EPS for the year while debt/equity is 60.88.

The Alumasc Group plc (LON:ALU - Get Free Report) shares passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 257.27 and traded as low as GBX 244.55. The Alumasc Group shares last traded at GBX 244.55, with a volume of 22,040 shares.

The Alumasc Group Price Performance

The company's 50-day moving average is GBX 246.93 and its 200-day moving average is GBX 257.27. The company has a debt-to-equity ratio of 60.88, a current ratio of 1.88 and a quick ratio of 1.19. The firm has a market capitalization of £89.14 million, a price-to-earnings ratio of 12.15 and a beta of 0.71.

The Alumasc Group (LON:ALU - Get Free Report) last released its earnings results on Tuesday, February 3rd. The company reported GBX 8.30 earnings per share (EPS) for the quarter. The Alumasc Group had a net margin of 7.07% and a return on equity of 18.04%. On average, research analysts expect that The Alumasc Group plc will post 29.3908629 earnings per share for the current year.

Insider Activity at The Alumasc Group

In other The Alumasc Group news, insider Pamela Bingham purchased 25,000 shares of The Alumasc Group stock in a transaction on Monday, April 20th. The shares were purchased at an average cost of GBX 240 per share, with a total value of £60,000. Also, insider Vijay Thakrar purchased 25,000 shares of The Alumasc Group stock in a transaction on Monday, April 20th. The shares were acquired at an average cost of GBX 240 per share, for a total transaction of £60,000. 27.61% of the stock is currently 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.