MJ Gleeson (LON:GLE) Shares Pass Below 200 Day Moving Average – Here’s What Happened

Shares of MJ Gleeson plc (LON:GLE) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 545.96 ($6.88) and traded as low as GBX 485 ($6.11). MJ Gleeson shares last traded at GBX 485 ($6.11), with a volume of 39,779 shares trading hands.

MJ Gleeson Trading Down 3.9 %

The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The company’s 50 day moving average price is GBX 487.94 and its two-hundred day moving average price is GBX 545.96. The firm has a market cap of £281.84 million, a PE ratio of 14.59 and a beta of 1.14.

MJ Gleeson (LON:GLE) last issued its quarterly earnings results on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) earnings per share (EPS) for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. As a group, sell-side analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Insider Activity

In other news, insider Graham Prothero bought 8,020 shares of MJ Gleeson stock in a transaction on Tuesday, February 11th. The stock was acquired at an average cost of GBX 499 ($6.29) per share, for a total transaction of £40,019.80 ($50,440.89). Insiders own 16.85% of the company’s stock.

About MJ Gleeson

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.