Petards Group (LON:PEG) Stock Price Crosses Below 200-Day Moving Average – Should You Sell?

Petards Group plc (LON:PEG)’s stock price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.13 ($0.10) and traded as low as GBX 7.35 ($0.09). Petards Group shares last traded at GBX 7.35 ($0.09), with a volume of 8,877 shares trading hands.

Petards Group Stock Performance

The stock’s 50 day moving average price is GBX 7.83 and its 200 day moving average price is GBX 8.13. The company has a debt-to-equity ratio of 27.67, a quick ratio of 1.35 and a current ratio of 0.96. The company has a market capitalization of £4.65 million, a P/E ratio of -2.60 and a beta of 0.81.

Insider Activity

In related news, insider John Wakefield bought 78,000 shares of the business’s stock in a transaction that occurred on Thursday, February 6th. The shares were acquired at an average cost of GBX 8 ($0.10) per share, with a total value of £6,240 ($7,854.00). Insiders own 53.70% of the company’s stock.

Petards Group Company Profile

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.