Morgan Sindall Group (LON:MGNS) Shares Cross Above Two Hundred Day Moving Average – Time to Sell?

Morgan Sindall Group plc (LON:MGNS)’s stock price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 3,158.53 ($39.58) and traded as high as GBX 3,940 ($49.37). Morgan Sindall Group shares last traded at GBX 3,905 ($48.93), with a volume of 19,483 shares traded.

Morgan Sindall Group Price Performance

The firm has a market cap of £1.83 billion, a price-to-earnings ratio of 1,490.46, a PEG ratio of -68.20 and a beta of 1.31. The stock has a 50-day moving average price of GBX 3,775.91 and a 200 day moving average price of GBX 3,158.53. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87.

Insider Buying and Selling

In other Morgan Sindall Group news, insider John Christopher Morgan sold 16,968 shares of the firm’s stock in a transaction dated Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($48.75), for a total transaction of £660,055.20 ($827,136.84). Also, insider Sharon Fennessy purchased 650 shares of the company’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average cost of GBX 3,750 ($46.99) per share, with a total value of £24,375 ($30,545.11). Corporate insiders own 11.05% of the company’s stock.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.