MJ Gleeson (LON:GLE) Shares Down 6.7% – Here’s What Happened

MJ Gleeson plc (LON:GLE) fell 6.7% on Tuesday . The company traded as low as GBX 222.50 and last traded at GBX 227.15. 1,523,356 shares traded hands during trading, an increase of 928% from the average session volume of 148,207 shares. The stock had previously closed at GBX 243.50.

MJ Gleeson Stock Up 0.4%

The company has a quick ratio of 0.89, a current ratio of 3.87 and a debt-to-equity ratio of 7.86. The business has a fifty day simple moving average of GBX 250.56 and a two-hundred day simple moving average of GBX 327.45. The company has a market capitalization of £134.76 million, a price-to-earnings ratio of 9.42 and a beta of 0.59.

Insiders Place Their Bets

In related news, insider Fiona Clare Goldsmith acquired 3,000 shares of the firm’s stock in a transaction on Thursday, May 7th. The shares were bought at an average cost of GBX 244 per share, with a total value of £7,320. Insiders own 13.26% of the company’s stock.

MJ Gleeson Company Profile

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

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.