MJ Gleeson (LON:GLE) Shares Pass Below 200-Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 333.89 and traded as low as GBX 236. MJ Gleeson shares last traded at GBX 239.50, with a volume of 78,055 shares changing hands.

MJ Gleeson Stock Down 1.6%

The firm’s fifty day moving average price is GBX 253.93 and its two-hundred day moving average price is GBX 333.89. The stock has a market cap of £139.71 million, a price-to-earnings ratio of 9.76 and a beta of 0.59. The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89.

Insider Buying and Selling at MJ Gleeson

In related news, insider Fiona Clare Goldsmith acquired 3,000 shares of the company’s stock in a transaction dated Thursday, May 7th. The shares were purchased at an average price of GBX 244 per share, for a total transaction of £7,320. Insiders have bought a total of 3,203 shares of company stock worth $791,977 in the last quarter. 13.26% of the stock is currently owned by corporate insiders.

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.