The Alumasc Group (LON:ALU) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

The Alumasc Group plc (LON:ALU) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 302.50 and traded as low as GBX 235. The Alumasc Group shares last traded at GBX 240, with a volume of 77,539 shares.

The Alumasc Group Trading Up 0.1%

The business’s 50-day moving average price is GBX 250.87 and its 200 day moving average price is GBX 302.50. The company has a debt-to-equity ratio of 58.17, a current ratio of 1.66 and a quick ratio of 1.19. The firm has a market capitalization of £85.51 million, a price-to-earnings ratio of 9.40 and a beta of 0.90.

Insider Buying and Selling at The Alumasc Group

In other news, insider Gilbert Jackson sold 15,957 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of GBX 267, for a total transaction of £42,605.19. Also, insider Michael Leaf sold 15,000 shares of The Alumasc Group stock in a transaction dated Thursday, November 20th. The stock was sold at an average price of GBX 288, for a total value of £43,200. Insiders have sold a total of 45,785 shares of company stock worth $12,539,595 in the last ninety days. 27.61% of the stock is currently owned by insiders.

The Alumasc Group Company Profile

Alumasc is a UK-based supplier of premium building products, systems and solutions.

Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.

Over 90% of group sales relate to one or more of the following long-term strategic growth drivers: Energy management, Water management, Bespoke architectural solutions and Ease of construction (including off-site construction)

Our strategy is enabling us to outperform the UK construction market, and we are leveraging this through growth in export sales.