MJ Gleeson (LON:GLE) Share Price Crosses Below 200-Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE)’s stock price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 362.32 and traded as low as GBX 277.50. MJ Gleeson shares last traded at GBX 282, with a volume of 46,096 shares.

MJ Gleeson Stock Up 3.3%

The business has a 50-day simple moving average of GBX 317.27 and a two-hundred day simple moving average of GBX 362.32. The company has a market cap of £164.51 million, a price-to-earnings ratio of 11.50 and a beta of 0.53. The company has a quick ratio of 0.89, a current ratio of 3.87 and a debt-to-equity ratio of 7.86.

MJ Gleeson (LON:GLE) last announced its quarterly earnings results on Thursday, February 12th. The company reported GBX 2.65 earnings per share for the quarter. MJ Gleeson had a return on equity of 4.67% and a net margin of 3.76%. As a group, equities analysts forecast that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal 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.