AIREA (LON:AIEA) Stock Crosses Above 50 Day Moving Average – Here’s Why

AIREA plc (LON:AIEA) passed above its 50 day moving average during trading on Friday. The stock has a 50 day moving average of GBX 26.72 and traded as high as GBX 29.90. AIREA shares last traded at GBX 28.25, with a volume of 365,295 shares.

AIREA Trading Up 8.6%

The company has a debt-to-equity ratio of 12.40, a quick ratio of 1.66 and a current ratio of 2.98. The firm’s fifty day simple moving average is GBX 26.72 and its 200 day simple moving average is GBX 24.99. The stock has a market capitalization of £11.24 million, a P/E ratio of 7.74 and a beta of 1.08.

AIREA (LON:AIEA) last issued its quarterly earnings results on Tuesday, September 29th. The company reported GBX 0.57 earnings per share for the quarter. AIREA had a net margin of 0.31% and a return on equity of 0.39%.

Insider Buying and Selling at AIREA

In related news, insider Mederic Payne sold 161,662 shares of AIREA stock in a transaction on Thursday, September 17th. The stock was sold at an average price of GBX 26, for a total transaction of £42,032.12. Also, insider Conleth Campbell sold 65,186 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 26, for a total value of £16,948.36. 16.42% of the stock is currently owned by insiders.

About AIREA

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.