Coral Products (LON:CRU) Trading 13.3% Higher After Insider Buying Activity

Coral Products PLC (LON:CRU) rose 13.3% during mid-day trading on Tuesday following insider buying activity. The company traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.38 ($0.08). Approximately 317,309 shares were traded during mid-day trading, an increase of 116% from the average daily volume of 147,024 shares. The stock had previously closed at GBX 5.63 ($0.07).

Specifically, insider Joseph (Joe) Grimmond bought 75,000 shares of the business’s stock in a transaction that occurred on Monday, January 27th. The stock was acquired at an average price of GBX 6 ($0.07) per share, for a total transaction of £4,500 ($5,599.10).

Coral Products Trading Up 13.3 %

The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The firm has a market cap of £5.68 million, a P/E ratio of -637.50 and a beta of 0.64. The company’s fifty day moving average price is GBX 7.06 and its two-hundred day moving average price is GBX 9.

Coral Products (LON:CRU) last announced its earnings results on Monday, January 27th. The company reported GBX (0.35) ($0.00) EPS for the quarter. Coral Products had a negative return on equity of 7.00% and a negative net margin of 2.95%. As a group, sell-side analysts predict that Coral Products PLC will post 0.9733456 EPS for the current fiscal year.

Coral Products Company Profile

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.