MJ Gleeson (LON:GLE) Stock Passes Below 200-Day Moving Average – Here’s What Happened

MJ Gleeson plc (LON:GLE) crossed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 370.08 and traded as low as GBX 255. MJ Gleeson shares last traded at GBX 258, with a volume of 260,586 shares changing hands.

MJ Gleeson Stock Performance

The firm’s fifty day simple moving average is GBX 351.37 and its 200 day simple moving average is GBX 370.08. The company has a market capitalization of £150.51 million, a PE ratio of 10.52 and a beta of 0.53. The company has a debt-to-equity ratio of 7.86, a current ratio of 3.87 and a quick ratio of 0.89.

MJ Gleeson (LON:GLE) last released its quarterly earnings data 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%. On average, research analysts predict that MJ Gleeson plc will post 35.1412429 EPS for the current 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.