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

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 549.32 ($6.94) and traded as low as GBX 482.50 ($6.10). MJ Gleeson shares last traded at GBX 490 ($6.19), with a volume of 149,871 shares.

MJ Gleeson Price Performance

The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. The stock has a market cap of £293.33 million, a price-to-earnings ratio of 15.18 and a beta of 1.14. The business's fifty day simple moving average is GBX 490.26 and its 200 day simple moving average is GBX 548.30.

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

Insider Transactions at MJ Gleeson

In other MJ Gleeson news, insider Graham Prothero acquired 8,020 shares of the stock in a transaction that occurred on Tuesday, February 11th. The stock was acquired at an average price of GBX 499 ($6.30) per share, with a total value of £40,019.80 ($50,561.97). 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.