MJ Gleeson (LON:GLE) Stock Crosses Below Two Hundred Day Moving Average – What’s Next?

Shares of MJ Gleeson plc (LON:GLEGet Free Report) passed 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 changing hands.

Wall Street Analysts Forecast Growth

Separately, Berenberg Bank reissued a “buy” rating and issued a GBX 643 ($7.85) target price on shares of MJ Gleeson in a report on Wednesday, September 18th.

Get Our Latest Report on GLE

MJ Gleeson Stock Up 0.1 %

The firm has a market capitalization of £268.92 million, a price-to-earnings ratio of 1,395.88 and a beta of 1.14. The firm has a fifty day moving average price of GBX 514.01 and a 200 day moving average price of GBX 566.22. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 8.37.

Insiders Place Their Bets

In other news, insider Stefan Allanson sold 10,532 shares of MJ Gleeson stock in a transaction that occurred on Thursday, October 17th. The shares were sold at an average price of GBX 620 ($7.57), for a total transaction of £65,298.40 ($79,719.69). 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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