MJ Gleeson (LON:GLE) Stock Passes Below 200-Day Moving Average – Here’s What Happened

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 370.08 and traded as low as GBX 255. MJ Gleeson shares last traded at GBX 258, with a volume of 260,586 shares traded.

MJ Gleeson Stock Down 2.6%

The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87. The firm has a market cap of £150.51 million, a price-to-earnings ratio of 10.52 and a beta of 0.53. The business’s 50 day moving average price is GBX 351.37 and its 200 day moving average price is GBX 370.08.

MJ Gleeson (LON:GLE) last posted its earnings results on Thursday, February 12th. The company reported GBX 2.65 earnings per share (EPS) for the quarter. MJ Gleeson had a net margin of 3.76% and a return on equity of 4.67%. On average, equities analysts forecast that MJ Gleeson plc will post 35.1412429 EPS for the current year.

About MJ Gleeson

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.