The Alumasc Group (LON:ALU) Shares Pass Below 200 Day Moving Average – Time to Sell?

Shares of The Alumasc Group plc (LON:ALU) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 302.50 and traded as low as GBX 235. The Alumasc Group shares last traded at GBX 240, with a volume of 77,539 shares trading hands.

The Alumasc Group Stock Performance

The company has a market cap of £87.74 million, a P/E ratio of 9.64 and a beta of 0.90. The stock has a fifty day moving average price of GBX 250.32 and a two-hundred day moving average price of GBX 301.63. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.66 and a quick ratio of 1.19.

Insider Buying and Selling

In related news, insider Michael Leaf sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, November 20th. The stock was sold at an average price of GBX 288, for a total transaction of £43,200. Also, insider Gilbert Jackson sold 15,957 shares of the stock in a transaction on Tuesday, November 4th. The shares were sold at an average price of GBX 267, for a total value of £42,605.19. Over the last ninety days, insiders sold 45,785 shares of company stock valued at $12,539,595. Company insiders own 27.61% of the company’s stock.

The Alumasc Group Company Profile

Alumasc is a UK-based supplier of premium building products, systems and solutions.

Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.

Over 90% of group sales relate to one or more of the following long-term strategic growth drivers: Energy management, Water management, Bespoke architectural solutions and Ease of construction (including off-site construction)

Our strategy is enabling us to outperform the UK construction market, and we are leveraging this through growth in export sales.