MJ Gleeson (LON:GLE) Stock Passes Above 200-Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLE) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 500.68 ($6.66) and traded as high as GBX 526 ($6.99). MJ Gleeson shares last traded at GBX 520 ($6.91), with a volume of 27,188 shares traded.

MJ Gleeson Stock Up 0.9 %

The business’s 50-day moving average is GBX 474.75 and its 200-day moving average is GBX 500.68. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79. The firm has a market cap of £317.26 million, a price-to-earnings ratio of 16.42 and a beta of 1.14.

MJ Gleeson (LON:GLE) last announced its quarterly earnings data on Tuesday, February 11th. The company reported GBX 4.80 ($0.06) 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, equities analysts predict that MJ Gleeson plc will post 35.1412429 EPS for the current year.

Insider Activity

In other MJ Gleeson news, insider Graham Prothero purchased 8,020 shares of the company’s stock in a transaction that occurred on Tuesday, February 11th. The shares were acquired at an average price of GBX 499 ($6.63) per share, for a total transaction of £40,019.80 ($53,203.67). 16.85% of the stock is owned by corporate insiders.

About MJ Gleeson

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.