Morgan Sindall Group (LON:MGNS) Share Price Crosses Above 200 Day Moving Average – Time to Sell?

Morgan Sindall Group plc (LON:MGNS) shares crossed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 3,212.71 ($39.91) and traded as high as GBX 3,865 ($48.01). Morgan Sindall Group shares last traded at GBX 3,860 ($47.95), with a volume of 34,610 shares trading hands.

Morgan Sindall Group Price Performance

The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18. The stock has a market capitalization of £1.81 billion, a P/E ratio of 1,473.28, a PEG ratio of -68.20 and a beta of 1.31. The firm has a fifty day moving average price of GBX 3,821.79 and a two-hundred day moving average price of GBX 3,212.71.

Insiders Place Their Bets

In other Morgan Sindall Group news, insider Sharon Fennessy purchased 650 shares of the company’s stock in a transaction dated Tuesday, October 29th. The shares were acquired at an average price of GBX 3,750 ($46.58) per share, for a total transaction of £24,375 ($30,279.50). Also, insider John Christopher Morgan sold 16,968 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($48.32), for a total value of £660,055.20 ($819,944.35). Insiders own 11.05% of the company’s stock.

Morgan Sindall Group Company Profile

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.