MJ Gleeson (LON:GLE) Stock Price Passes Below Two Hundred Day Moving Average on Insider Selling

Shares of MJ Gleeson plc (LON:GLE) crossed below its two hundred day moving average during trading on Monday following insider selling activity. The stock has a two hundred day moving average of GBX 405.71 ($5.44) and traded as low as GBX 350 ($4.69). MJ Gleeson shares last traded at GBX 369 ($4.95), with a volume of 84,537 shares trading hands.

Specifically, insider Stefan Allanson sold 658 shares of the company’s stock in a transaction on Friday, October 17th. The stock was sold at an average price of GBX 355, for a total value of £2,335.90.

Analyst Ratings Changes

Separately, Berenberg Bank reiterated a “buy” rating and issued a GBX 500 price objective on shares of MJ Gleeson in a research report on Wednesday, September 17th. One equities research analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, MJ Gleeson currently has an average rating of “Buy” and an average target price of GBX 500.

MJ Gleeson Price Performance

The company has a market capitalization of £215.41 million, a price-to-earnings ratio of 13.61 and a beta of 1.14. The company has a fifty day simple moving average of GBX 357 and a two-hundred day simple moving average of GBX 405.71. The company has a debt-to-equity ratio of 1.70, a quick ratio of 0.89 and a current ratio of 5.79.

MJ Gleeson (LON:GLE) last posted its quarterly earnings data on Tuesday, September 16th. The company reported GBX 28.88 earnings per share (EPS) for the quarter. MJ Gleeson had a return on equity of 6.60% and a net margin of 5.59%. As a group, research analysts anticipate that MJ Gleeson plc will post 35.1412429 earnings per share for the current year.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder with the vision of “Building Homes. Changing Lives.” Focusing on areas where affordable housing is most needed in the Midlands and North of England, Gleeson Homes’ average selling price was £193,900, 34% lower than other housebuilders average selling price of £291,700 in the same geographic regions.