Petards Group (LON:PEG) Stock Price Passes Below 200 Day Moving Average – Here’s Why

Petards Group plc (LON:PEG) shares passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 8.19 ($0.11) and traded as low as GBX 7.50 ($0.10). Petards Group shares last traded at GBX 7.50 ($0.10), with a volume of 2,000 shares changing hands.

Petards Group Stock Performance

The stock has a market cap of £4.80 million, a price-to-earnings ratio of -2.68 and a beta of 0.81. The company has a debt-to-equity ratio of 27.67, a current ratio of 0.96 and a quick ratio of 1.35. The stock’s 50-day moving average is GBX 7.63 and its 200-day moving average is GBX 8.19.

Insider Transactions at Petards Group

In related news, insider John Wakefield purchased 78,000 shares of the business’s stock in a transaction on Thursday, February 6th. The shares were bought at an average price of GBX 8 ($0.10) per share, with a total value of £6,240 ($8,078.72). Insiders own 53.70% of the company’s stock.

Petards Group Company Profile

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.