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MJ Gleeson (LON:GLE) Stock Passes Below 200-Day Moving Average - Should You Sell?

MJ Gleeson logo with Consumer Cyclical background

Shares of MJ Gleeson plc (LON:GLE - Get Free Report) crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 564.09 ($6.97) and traded as low as GBX 482 ($5.95). MJ Gleeson shares last traded at GBX 488.50 ($6.03), with a volume of 42,661 shares changing hands.

MJ Gleeson Price 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 £282.56 million, a PE ratio of 1,466.67 and a beta of 1.14. The company's 50-day simple moving average is GBX 504.55 and its 200-day simple moving average is GBX 564.09.

About MJ Gleeson

(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.

Further Reading

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