MJ Gleeson (LON:GLE) Shares Pass Below 200 Day Moving Average of $614.53

MJ Gleeson plc (LON:GLEGet Rating)’s share price crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 614.53 ($7.40) and traded as low as GBX 514 ($6.19). MJ Gleeson shares last traded at GBX 518 ($6.24), with a volume of 36,550 shares trading hands.

Analyst Upgrades and Downgrades

Separately, Liberum Capital reissued a “buy” rating and issued a GBX 900 ($10.84) price objective on shares of MJ Gleeson in a research note on Wednesday, May 25th.

MJ Gleeson Trading Down 0.0 %

The company has a quick ratio of 1.04, a current ratio of 5.08 and a debt-to-equity ratio of 1.18. The stock’s 50 day moving average is GBX 540.75 and its two-hundred day moving average is GBX 614.53. The company has a market capitalization of £301.92 million and a PE ratio of 809.38.

Insider Transactions at MJ Gleeson

In other MJ Gleeson news, insider Fiona Clare Goldsmith acquired 5,000 shares of MJ Gleeson stock in a transaction that occurred on Thursday, April 28th. The stock was bought at an average price of GBX 602 ($7.25) per share, with a total value of £30,100 ($36,265.06). In other news, insider James Thomson purchased 10,000 shares of the stock in a transaction dated Wednesday, July 13th. The shares were acquired at an average cost of GBX 520 ($6.27) per share, for a total transaction of £52,000 ($62,650.60). Also, insider Fiona Clare Goldsmith acquired 5,000 shares of MJ Gleeson stock in a transaction that occurred on Thursday, April 28th. The shares were purchased at an average price of GBX 602 ($7.25) per share, with a total value of £30,100 ($36,265.06). In the last quarter, insiders acquired 15,034 shares of company stock valued at $8,230,162.

About MJ Gleeson

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MJ Gleeson plc engages in low-cost house building and land promotion activities in the United Kingdom. The company operates through two divisions, Gleeson Homes and Gleeson Land. It also engages in the house building activities in the north of England and Midlands; and sale of land in the south of England.

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