MJ Gleeson (LON:GLE) Share Price Crosses Below 200-Day Moving Average – Time to Sell?

Shares of MJ Gleeson plc (LON:GLE) crossed below its two hundred day moving average during trading on Tuesday . The stock has a two hundred 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 changing hands.

MJ Gleeson Price Performance

The company has a market capitalization of £156.92 million, a PE ratio of 10.97 and a beta of 0.53. The company’s 50-day simple moving average is GBX 346.15 and its 200-day simple moving average is GBX 368.64. The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87.

MJ Gleeson (LON:GLE) last announced its quarterly earnings data 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%. As a group, sell-side analysts anticipate that MJ Gleeson plc will post 35.1412429 earnings per share 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.