MJ Gleeson (LON:GLE) Stock Passes Below 200 Day Moving Average - Here's Why

Shares of MJ Gleeson plc (LON:GLE - Get Free Report) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 545.96 ($6.98) and traded as low as GBX 485 ($6.20). MJ Gleeson shares last traded at GBX 485 ($6.20), with a volume of 39,779 shares.

MJ Gleeson Stock Down 1.3 %

The firm has a market cap of £282.44 million, a price-to-earnings ratio of 14.62 and a beta of 1.14. The firm's fifty day moving average is GBX 486.38 and its two-hundred day moving average is GBX 542.93. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89.

MJ Gleeson (LON:GLE - Get Free Report) last issued its quarterly earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) earnings per share for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. On average, sell-side analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Buying and Selling at MJ Gleeson

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the business's stock in a transaction on Tuesday, February 11th. The stock was bought at an average cost of GBX 499 ($6.38) per share, with a total value of £40,019.80 ($51,195.86). 16.85% of the stock is owned by corporate insiders.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of "Building Homes. Changing Lives." Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes' average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.