MJ Gleeson (LON:GLE) Shares Cross Below 200 Day Moving Average – What’s Next?

Shares of MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 338.56 and traded as low as GBX 246. MJ Gleeson shares last traded at GBX 247.50, with a volume of 37,288 shares trading hands.

MJ Gleeson Stock Performance

The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89. The firm has a fifty day simple moving average of GBX 259.19 and a 200 day simple moving average of GBX 338.56. The company has a market cap of £144.38 million, a price-to-earnings ratio of 10.09 and a beta of 0.59.

Insider Buying and Selling

In related news, insider Fiona Clare Goldsmith purchased 3,000 shares of the stock in a transaction on Thursday, May 7th. The shares were bought at an average price of GBX 244 per share, for a total transaction of £7,320. Insiders purchased a total of 3,203 shares of company stock worth $791,977 in the last 90 days. Company insiders own 13.26% of the company’s stock.

About MJ Gleeson

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

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.