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Ibstock (LON:IBST) Share Price Passes Below 50 Day Moving Average - Time to Sell?

Ibstock logo with Basic Materials background

Shares of Ibstock plc (LON:IBST - Get Free Report) passed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 188.20 ($2.33) and traded as low as GBX 171.60 ($2.12). Ibstock shares last traded at GBX 176 ($2.18), with a volume of 77,346 shares trading hands.

Ibstock Stock Up 0.7 %

The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91. The business has a 50-day simple moving average of GBX 187.76 and a two-hundred day simple moving average of GBX 183.06. The stock has a market capitalization of £697.92 million, a P/E ratio of 8,860.00, a PEG ratio of 0.47 and a beta of 1.34.

About Ibstock

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Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.

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