Pressure Technologies (LON:PRES) Stock Price Crosses Above 50-Day Moving Average – Should You Sell?

Pressure Technologies plc (LON:PRES) shares passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 35.19 ($0.44) and traded as high as GBX 39 ($0.49). Pressure Technologies shares last traded at GBX 38 ($0.48), with a volume of 91,573 shares.

Pressure Technologies Price Performance

The stock has a market cap of £14.69 million, a PE ratio of -3,800.00, a P/E/G ratio of -0.12 and a beta of 1.58. The company has a current ratio of 1.53, a quick ratio of 1.24 and a debt-to-equity ratio of 31.77. The business has a fifty day simple moving average of GBX 35.19 and a two-hundred day simple moving average of GBX 34.04.

Insiders Place Their Bets

In other Pressure Technologies news, insider Richard Staveley bought 75,000 shares of the stock in a transaction dated Thursday, October 31st. The stock was purchased at an average cost of GBX 34 ($0.43) per share, for a total transaction of £25,500 ($31,954.89). 5.42% of the stock is owned by corporate insiders.

Pressure Technologies Company Profile

Pressure Technologies plc, through its subsidiaries, designs, manufactures, and sells high pressure systems for the oil and gas, defense, industrial gases, and hydrogen energy markets in the United Kingdom, France, Norway, the United States, Rest of Europe, Germany, the Netherlands, Taiwan, and internationally.