Morgan Sindall Group (LON:MGNS) Share Price Passes Above 200 Day Moving Average – Time to Sell?

Morgan Sindall Group plc (LON:MGNS)’s stock price crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,266.67 ($39.98) and traded as high as GBX 3,640 ($44.55). Morgan Sindall Group shares last traded at GBX 3,570 ($43.70), with a volume of 178,249 shares trading hands.

Morgan Sindall Group Stock Up 5.2 %

The firm has a market capitalization of £1.75 billion, a P/E ratio of 1,429.39, a P/E/G ratio of -68.20 and a beta of 1.31. The company has a fifty day simple moving average of GBX 3,805.52 and a 200 day simple moving average of GBX 3,268.69. The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51.

Insider Buying and Selling

In other news, insider John Christopher Morgan sold 16,968 shares of the company’s stock in a transaction on Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($47.61), for a total transaction of £660,055.20 ($807,901.10). Also, insider Sharon Fennessy acquired 650 shares of the company’s stock in a transaction that occurred on Tuesday, October 29th. The shares were acquired at an average cost of GBX 3,750 ($45.90) per share, for a total transaction of £24,375 ($29,834.76). 11.05% of the stock is currently owned by company insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.