Ibstock (LON:IBST) Stock Crosses Below Fifty Day Moving Average - Here's What Happened

Shares of Ibstock plc (LON:IBST - Get Free Report) crossed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 175.50 ($2.18) and traded as low as GBX 162.80 ($2.02). Ibstock shares last traded at GBX 164.60 ($2.04), with a volume of 300,981 shares traded.

Ibstock Price Performance

The stock has a 50 day simple moving average of GBX 174.55 and a two-hundred day simple moving average of GBX 182.18. The firm has a market cap of £673.11 million, a PE ratio of 8,545.00, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a debt-to-equity ratio of 46.91, a quick ratio of 1.19 and a current ratio of 1.37.

About Ibstock

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.