Morgan Sindall Group (LON:MGNS) Stock Price Passes Above 200-Day Moving Average – What’s Next?

Morgan Sindall Group plc (LON:MGNS) shares passed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,158.53 ($39.74) and traded as high as GBX 3,940 ($49.58). Morgan Sindall Group shares last traded at GBX 3,905 ($49.14), with a volume of 19,483 shares changing hands.

Morgan Sindall Group Trading Down 0.5 %

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 company’s 50-day moving average price is GBX 3,788.61 and its 200-day moving average price is GBX 3,167.77. The firm has a market capitalization of £1.82 billion, a PE ratio of 1,482.82, a PEG ratio of -68.20 and a beta of 1.31.

Insider Buying and Selling at Morgan Sindall Group

In related news, insider John Christopher Morgan sold 16,968 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($48.95), for a total value of £660,055.20 ($830,571.54). Also, insider Sharon Fennessy acquired 650 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average price of GBX 3,750 ($47.19) per share, with a total value of £24,375 ($30,671.95). 11.05% of the stock is owned by insiders.

About Morgan Sindall Group

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.