MJ Gleeson (LON:GLE) Share Price Passes Below 200-Day Moving Average – Should You Sell?

MJ Gleeson plc (LON:GLEGet Free Report) shares crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 566.22 ($6.91) and traded as low as GBX 453.50 ($5.54). MJ Gleeson shares last traded at GBX 460 ($5.62), with a volume of 139,345 shares trading hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reaffirmed a “buy” rating and set a GBX 643 ($7.85) price objective on shares of MJ Gleeson in a research note on Wednesday, September 18th.

Check Out Our Latest Stock Report on GLE

MJ Gleeson Price Performance

The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 8.37. The company has a fifty day moving average price of GBX 514.01 and a two-hundred day moving average price of GBX 566.22. The firm has a market cap of £268.92 million, a P/E ratio of 1,395.88 and a beta of 1.14.

Insiders Place Their Bets

In other news, insider Stefan Allanson sold 10,532 shares of the company’s stock in a transaction dated Thursday, October 17th. The stock was sold at an average price of GBX 620 ($7.57), for a total transaction of £65,298.40 ($79,719.69). Corporate insiders own 16.85% of the company’s stock.

MJ Gleeson Company Profile

(Get Free Report)

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.

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