MJ Gleeson (LON:GLE) Shares Pass Below Two Hundred Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLE) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 367.19 and traded as low as GBX 265. MJ Gleeson shares last traded at GBX 271, with a volume of 61,234 shares.

MJ Gleeson Stock Performance

The company’s fifty day simple moving average is GBX 335.23 and its 200 day simple moving average is GBX 367.19. The stock has a market capitalization of £158.09 million, a P/E ratio of 11.05 and a beta of 0.53. The company has a current ratio of 3.87, a quick ratio of 0.89 and a debt-to-equity ratio of 7.86.

MJ Gleeson (LON:GLE) last released its quarterly earnings results on Thursday, February 12th. The company reported GBX 2.65 earnings per share 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 forecast that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

MJ Gleeson Company Profile

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.