Morgan Sindall Group (LON:MGNS) Stock Passes Above 200 Day Moving Average - Here's Why

Morgan Sindall Group plc (LON:MGNS - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,266.67 ($39.97) and traded as high as GBX 3,640 ($44.54). Morgan Sindall Group shares last traded at GBX 3,570 ($43.69), with a volume of 178,249 shares changing hands.

Morgan Sindall Group Stock Performance

The firm has a market cap of £1.67 billion, a PE ratio of 1,358.78, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a 50 day simple moving average of GBX 3,809.32 and a 200-day simple moving average of GBX 3,266.67. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87.

Insider Activity

In other news, insider John Christopher Morgan sold 16,968 shares of the business's stock in a transaction on Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($47.60), for a total transaction of £660,055.20 ($807,703.38). Also, insider Sharon Fennessy acquired 650 shares of the company's stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average cost of GBX 3,750 ($45.89) per share, for a total transaction of £24,375 ($29,827.46). Insiders own 11.05% of the company's stock.

About Morgan Sindall Group

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.