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Ibstock (LON:IBST) Stock Crosses Below 50-Day Moving Average - Here's Why

Ibstock logo with Basic Materials background

Ibstock plc (LON:IBST - Get Free Report) shares crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 189.29 ($2.40) and traded as low as GBX 181 ($2.29). Ibstock shares last traded at GBX 181.40 ($2.30), with a volume of 430,761 shares.

Ibstock Stock Up 0.2 %

The firm has a 50 day moving average of GBX 189.29 and a 200 day moving average of GBX 177.78. The firm has a market cap of £716.04 million, a price-to-earnings ratio of 9,072.00, a PEG ratio of 0.47 and a beta of 1.34. The company has a quick ratio of 1.19, a current ratio of 1.37 and a debt-to-equity ratio of 46.91.

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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