MJ Gleeson (LON:GLE) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Shares of MJ Gleeson plc (LON:GLE - Get Free Report) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 528.43 ($6.84) and traded as low as GBX 465 ($6.02). MJ Gleeson shares last traded at GBX 468 ($6.06), with a volume of 18,561 shares traded.

MJ Gleeson Price Performance

The stock's 50-day moving average price is GBX 479.39 and its two-hundred day moving average price is GBX 527. The stock has a market capitalization of £284.26 million, a PE ratio of 14.71 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79.

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 (EPS) for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. As a group, analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Buying and Selling

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the firm's stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average cost of GBX 499 ($6.46) per share, with a total value of £40,019.80 ($51,798.86). 16.85% of the stock is currently owned by insiders.

MJ Gleeson Company Profile

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.