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MJ Gleeson (LON:GLE) Stock Passes Below 200-Day Moving Average - What's Next?

MJ Gleeson logo with Consumer Cyclical background

MJ Gleeson plc (LON:GLE - Get Free Report) passed below its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 554.80 ($6.91) and traded as low as GBX 471.50 ($5.87). MJ Gleeson shares last traded at GBX 490 ($6.10), with a volume of 42,851 shares changing hands.

MJ Gleeson Stock Performance

The company has a debt-to-equity ratio of 8.37, a quick ratio of 0.89 and a current ratio of 5.79. The company has a market capitalization of £285.48 million, a P/E ratio of 1,481.82 and a beta of 1.14. The firm has a 50 day moving average price of GBX 495.10 and a two-hundred day moving average price of GBX 553.26.

MJ Gleeson (LON:GLE - Get Free Report) last announced 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 return on equity of 6.61% and a net margin of 5.59%. On average, research analysts expect that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

MJ Gleeson Company Profile

(Get Free Report)

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land. Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson's vision is "Building Homes. Changing Lives", prioritising areas where people need affordable housing the most.

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