Forterra (LON:FORT) Shares Pass Below 50-Day Moving Average – Should You Sell?

Shares of Forterra plc (LON:FORT) crossed below its 50-day moving average during trading on Monday . The stock has a 50-day moving average of GBX 159.73 ($2.03) and traded as low as GBX 152 ($1.93). Forterra shares last traded at GBX 155.20 ($1.97), with a volume of 287,146 shares changing hands.

Wall Street Analyst Weigh In

Separately, Deutsche Bank Aktiengesellschaft increased their price objective on shares of Forterra from GBX 260 ($3.30) to GBX 320 ($4.07) and gave the company a “buy” rating in a research note on Thursday, February 20th.

Forterra Stock Up 2.8 %

The company has a market cap of £327.79 million, a PE ratio of 41.61, a P/E/G ratio of 0.30 and a beta of 1.25. The firm has a 50-day simple moving average of GBX 159.73 and a two-hundred day simple moving average of GBX 171.70. The company has a debt-to-equity ratio of 59.58, a current ratio of 1.79 and a quick ratio of 0.82.

About Forterra

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.