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

MJ Gleeson plc (LON:GLE - Get Free Report)'s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 572.28 ($7.19) and traded as low as GBX 510 ($6.41). MJ Gleeson shares last traded at GBX 510 ($6.41), with a volume of 55,175 shares traded.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a "buy" rating and issued a GBX 643 ($8.08) target price on shares of MJ Gleeson in a report on Wednesday, September 18th.

MJ Gleeson Stock Up 0.4 %

The company has a debt-to-equity ratio of 8.37, a current ratio of 5.79 and a quick ratio of 0.89. The firm has a market cap of £298.91 million, a P/E ratio of 1,551.52 and a beta of 1.14. The firm's 50-day moving average price is GBX 554.96 and its 200 day moving average price is GBX 572.28.

Insider Transactions at MJ Gleeson

In other news, insider Christopher H. B. Mills sold 300,000 shares of the company's stock in a transaction dated Tuesday, October 1st. The shares were sold at an average price of GBX 610 ($7.67), for a total transaction of £1,830,000 ($2,299,861.76). Also, insider Stefan Allanson sold 10,532 shares of the stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 620 ($7.79), for a total transaction of £65,298.40 ($82,064.09). Insiders own 16.85% of the company's stock.

MJ Gleeson Company Profile

MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.