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

MJ Gleeson plc (LON:GLE - Get Free Report)'s share price passed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 566.22 ($6.91) and traded as low as GBX 453.50 ($5.54). MJ Gleeson shares last traded at GBX 460 ($5.62), with a volume of 139,345 shares.

Analysts Set New Price Targets

Separately, Berenberg Bank reiterated a "buy" rating and set a GBX 643 ($7.85) price objective on shares of MJ Gleeson in a research report on Wednesday, September 18th.

MJ Gleeson Price Performance

The stock has a 50 day moving average of GBX 514.01 and a two-hundred day moving average of GBX 566.22. 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 stock has a market cap of £273.23 million, a PE ratio of 1,418.23 and a beta of 1.14.

Insiders Place Their Bets

In other news, insider Stefan Allanson sold 10,532 shares of the firm's stock in a transaction on Thursday, October 17th. The stock was sold at an average price of GBX 620 ($7.57), for a total value of £65,298.40 ($79,719.69). Corporate insiders own 16.85% of the company's stock.

MJ Gleeson Company Profile

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.