MJ Gleeson (LON:GLE) Stock Passes Below Two Hundred Day Moving Average – Here’s Why

Shares of MJ Gleeson plc (LON:GLE) crossed 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.

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 company has a 50 day simple moving average of GBX 259.19 and a 200-day simple moving average of GBX 338.56. The stock has a market cap of £144.38 million, a P/E ratio of 10.09 and a beta of 0.59.

Insider Transactions at MJ Gleeson

In related news, insider Fiona Clare Goldsmith bought 3,000 shares of the stock in a transaction dated Thursday, May 7th. The stock was bought at an average price of GBX 244 per share, with a total value of £7,320. Insiders bought a total of 3,203 shares of company stock worth $791,977 over the last three months. 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.