Coral Products (LON:CRU) Stock Price Down 8.5% – Time to Sell?

Coral Products PLC (LON:CRU) shares were down 8.5% on Tuesday . The company traded as low as GBX 5.52 and last traded at GBX 5.95. Approximately 588,256 shares changed hands during mid-day trading, an increase of 271% from the average daily volume of 158,407 shares. The stock had previously closed at GBX 6.50.

Coral Products Price Performance

The stock’s fifty day moving average price is GBX 7.91 and its two-hundred day moving average price is GBX 8.47. The firm has a market capitalization of £5.29 million, a price-to-earnings ratio of 2.78 and a beta of 0.43. The company has a current ratio of 1.14, a quick ratio of 0.74 and a debt-to-equity ratio of 119.30.

Insiders Place Their Bets

In related news, insider David Low bought 50,000 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were purchased at an average cost of GBX 6 per share, with a total value of £3,000. Also, insider Ian Hillman bought 80,907 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average cost of GBX 6 per share, for a total transaction of £4,854.42. Company insiders own 32.86% of the company’s stock.

About Coral Products

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.