Petards Group (LON:PEG) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Petards Group plc (LON:PEG) shares crossed below its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 8.19 ($0.11) and traded as low as GBX 7.55 ($0.10). Petards Group shares last traded at GBX 7.55 ($0.10), with a volume of 100,000 shares trading hands.

Petards Group Trading Down 3.2 %

The business has a 50-day moving average of GBX 7.64 and a 200-day moving average of GBX 8.19. The company has a quick ratio of 1.35, a current ratio of 0.96 and a debt-to-equity ratio of 27.67. The stock has a market cap of £4.65 million, a price-to-earnings ratio of -2.60 and a beta of 0.81.

Insider Activity

In other Petards Group news, insider John Wakefield purchased 78,000 shares of the company’s stock in a transaction dated Thursday, February 6th. The shares were bought at an average price of GBX 8 ($0.10) per share, for a total transaction of £6,240 ($8,056.81). 53.70% of the stock is owned by corporate insiders.

Petards Group Company Profile

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.