MJ Gleeson (LON:GLE) Stock Passes Below Two Hundred Day Moving Average – Should You Sell?

Shares of MJ Gleeson plc (LON:GLE) crossed below its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 537.85 ($6.92) and traded as low as GBX 464 ($5.97). MJ Gleeson shares last traded at GBX 468 ($6.03), with a volume of 16,150 shares trading hands.

MJ Gleeson Stock Down 0.2 %

The firm has a market capitalization of £283.05 million, a P/E ratio of 14.65 and a beta of 1.14. The firm’s 50-day moving average is GBX 482.80 and its 200 day moving average is GBX 537.85. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79.

MJ Gleeson (LON:GLE) last posted its quarterly earnings data on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) EPS for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. As a group, equities research analysts predict that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Graham Prothero bought 8,020 shares of the company’s stock in a transaction dated Tuesday, February 11th. The shares were bought at an average cost of GBX 499 ($6.42) per share, with a total value of £40,019.80 ($51,525.43). Insiders own 16.85% of the company’s stock.

About MJ Gleeson

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.