MJ Gleeson (LON:GLE) Trading Down 9.8% – What’s Next?

MJ Gleeson plc (LON:GLE) shares traded down 9.8% on Wednesday . The stock traded as low as GBX 344 and last traded at GBX 356.23. 1,637,907 shares traded hands during mid-day trading, an increase of 1,116% from the average session volume of 134,728 shares. The stock had previously closed at GBX 395.

MJ Gleeson Stock Down 9.9%

The firm has a market cap of £207.75 million, a price-to-earnings ratio of 13.13 and a beta of 1.14. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 1.70. The firm has a fifty day moving average price of GBX 403.05 and a 200-day moving average price of GBX 376.21.

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.