Coral Products (LON:CRU) Shares Up 21% – What’s Next?

Coral Products PLC (LON:CRU) shot up 21% on Thursday . The company traded as high as GBX 6.96 ($0.09) and last traded at GBX 6.96 ($0.09). 458,119 shares were traded during mid-day trading, an increase of 294% from the average session volume of 116,389 shares. The stock had previously closed at GBX 5.75 ($0.07).

Coral Products Stock Performance

The company’s 50-day moving average price is GBX 6.05 and its two-hundred day moving average price is GBX 7.28. The company has a market cap of £6.31 million, a P/E ratio of -6.95 and a beta of 0.64. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25.

Coral Products (LON:CRU) last issued its earnings results on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share for the quarter. Coral Products had a negative return on equity of 6.84% and a negative net margin of 2.95%. As a group, equities analysts forecast that Coral Products PLC will post 0.9733456 earnings per share for the current year.

Insider Buying and Selling

In other Coral Products news, insider Paul Rice bought 93,672 shares of Coral Products stock in a transaction dated Tuesday, February 25th. The stock was bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £5,620.32 ($7,311.46). Also, insider Joseph (Joe) Grimmond purchased 15,000 shares of the stock in a transaction dated Thursday, February 20th. The shares were acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £900 ($1,170.81). Insiders have purchased 183,672 shares of company stock worth $1,102,032 in the last three months. 39.93% of the stock is currently owned by insiders.

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.