McBride (LON:MCB) Share Price Passes Below Two Hundred Day Moving Average – What’s Next?

Shares of McBride plc (LON:MCB) passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 134.44 and traded as low as GBX 128.60. McBride shares last traded at GBX 136.20, with a volume of 1,826,209 shares changing hands.

McBride Stock Up 0.7%

The company has a debt-to-equity ratio of 145.77, a quick ratio of 0.54 and a current ratio of 0.95. The company has a market cap of £235.90 million, a P/E ratio of 8.06, a P/E/G ratio of -0.36 and a beta of 1.46. The stock has a 50 day moving average price of GBX 151.01 and a 200 day moving average price of GBX 134.44.

McBride (LON:MCB) last announced its earnings results on Tuesday, February 24th. The company reported GBX 10.80 earnings per share for the quarter. McBride had a return on equity of 30.98% and a net margin of 3.20%. Research analysts expect that McBride plc will post 19.2307692 earnings per share for the current fiscal year.

McBride declared that its board has initiated a stock buyback plan on Monday, December 1st that authorizes the company to repurchase 0 outstanding shares. This repurchase authorization authorizes the company to reacquire shares of its stock through open market purchases. Shares repurchase plans are usually a sign that the company’s board believes its shares are undervalued.

About McBride

With trading roots dating back to 1927, McBride boasts a strong heritage. As the leading European manufacturer and supplier of private label and contract manufactured products for the domestic household and professional cleaning and hygiene markets, McBride offers end‑to‑end development and manufacturing capabilities to a wide range of customers in Europe and Asia Pacific.