MJ Gleeson (LON:GLE) Shares Cross Below 200-Day Moving Average – Should You Sell?

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 545.96 ($6.88) and traded as low as GBX 485 ($6.11). MJ Gleeson shares last traded at GBX 485 ($6.11), with a volume of 39,779 shares traded.

MJ Gleeson Stock Down 3.9 %

The firm has a market cap of £281.84 million, a PE ratio of 14.59 and a beta of 1.14. The stock has a 50 day simple moving average of GBX 487.94 and a 200-day simple moving average of GBX 545.96. The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89.

MJ Gleeson (LON:GLE) last posted its earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) EPS for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. Sell-side analysts predict that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Graham Prothero purchased 8,020 shares of the business’s stock in a transaction on Tuesday, February 11th. The stock was acquired at an average price of GBX 499 ($6.29) per share, with a total value of £40,019.80 ($50,440.89). 16.85% of the stock is currently owned by corporate insiders.

MJ Gleeson Company Profile

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

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.