MJ Gleeson (LON:GLE) Stock Crosses Below 200 Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLE)’s stock price crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 397.73 and traded as low as GBX 347.01. MJ Gleeson shares last traded at GBX 350, with a volume of 52,516 shares changing hands.

Wall Street Analyst Weigh In

Separately, Berenberg Bank reaffirmed a “buy” rating and issued a GBX 500 price objective on shares of MJ Gleeson in a research report on Wednesday, September 17th. One research analyst has rated the stock with a Buy rating, According to MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of GBX 500.

MJ Gleeson Price Performance

The company has a debt-to-equity ratio of 1.70, a current ratio of 5.79 and a quick ratio of 0.89. The firm has a market cap of £204.89 million, a price-to-earnings ratio of 12.95 and a beta of 1.14. The business’s 50-day moving average price is GBX 359.39 and its two-hundred day moving average price is GBX 397.73.

MJ Gleeson (LON:GLE) last released its quarterly earnings results on Tuesday, September 16th. The company reported GBX 28.88 earnings per share for the quarter. MJ Gleeson had a net margin of 5.59% and a return on equity of 6.60%. On average, research analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Graham Prothero purchased 8,571 shares of the firm’s stock in a transaction dated Tuesday, September 16th. The stock was acquired at an average price of GBX 350 per share, with a total value of £29,998.50. Also, insider Stefan Allanson sold 658 shares of the firm’s stock in a transaction that occurred on Friday, October 17th. The stock was sold at an average price of GBX 355, for a total transaction of £2,335.90. Insiders have bought 8,735 shares of company stock valued at $3,059,202 in the last three months. Corporate insiders own 13.25% of the company’s stock.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.