Petards Group (LON:PEG) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Petards Group plc (LON:PEG)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.13 ($0.10) and traded as low as GBX 7.35 ($0.09). Petards Group shares last traded at GBX 7.35 ($0.09), with a volume of 8,877 shares changing hands.

Petards Group Price Performance

The firm’s 50-day moving average price is GBX 7.83 and its 200 day moving average price is GBX 8.13. The company has a market capitalization of £4.65 million, a price-to-earnings ratio of -2.60 and a beta of 0.81. The company has a current ratio of 0.96, a quick ratio of 1.35 and a debt-to-equity ratio of 27.67.

Insider Buying and Selling

In related news, insider John Wakefield acquired 78,000 shares of the stock in a transaction that occurred on Thursday, February 6th. The stock was acquired at an average cost of GBX 8 ($0.10) per share, for a total transaction of £6,240 ($7,854.00). 53.70% of the stock is owned by corporate insiders.

About Petards Group

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.