Morgan Sindall Group (LON:MGNS) Stock Price Crosses Above 200-Day Moving Average – What’s Next?

Morgan Sindall Group plc (LON:MGNS)’s share price passed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 3,266.67 ($39.98) and traded as high as GBX 3,640 ($44.55). Morgan Sindall Group shares last traded at GBX 3,570 ($43.70), with a volume of 178,249 shares.

Morgan Sindall Group Trading Up 5.2 %

The firm’s 50 day moving average is GBX 3,805.52 and its 200 day moving average is GBX 3,268.69. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The company has a market capitalization of £1.75 billion, a PE ratio of 1,429.39, a P/E/G ratio of -68.20 and a beta of 1.31.

Insider Buying and Selling at Morgan Sindall Group

In other Morgan Sindall Group news, insider John Christopher Morgan sold 16,968 shares of the business’s stock in a transaction on Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($47.61), for a total transaction of £660,055.20 ($807,901.10). Also, insider Sharon Fennessy acquired 650 shares of the firm’s stock in a transaction on Tuesday, October 29th. The stock was bought at an average price of GBX 3,750 ($45.90) per share, with a total value of £24,375 ($29,834.76). Corporate insiders own 11.05% of the company’s stock.

About Morgan Sindall Group

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.