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

MJ Gleeson plc (LON:GLE - Get Free Report)'s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 532.31 ($6.87) and traded as low as GBX 427.75 ($5.52). MJ Gleeson shares last traded at GBX 466.50 ($6.02), with a volume of 167,153 shares changing hands.

MJ Gleeson Stock Performance

The firm has a market capitalization of £293.33 million, a PE ratio of 15.18 and a beta of 1.14. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The company's fifty day simple moving average is GBX 478.93 and its 200 day simple moving average is GBX 530.75.

MJ Gleeson (LON:GLE - Get Free Report) last released 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%. As a group, equities research analysts expect that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Activity

In other news, insider Graham Prothero bought 8,020 shares of the stock in a transaction on Tuesday, February 11th. The shares were acquired at an average cost of GBX 499 ($6.44) per share, for a total transaction of £40,019.80 ($51,671.79). 16.85% of the stock is owned by company 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.