AIREA (LON:AIEA) Stock Price Crosses Below Fifty Day Moving Average – Should You Sell?

AIREA plc (LON:AIEA)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 24.99 ($0.32) and traded as low as GBX 24.70 ($0.32). AIREA shares last traded at GBX 26 ($0.34), with a volume of 15,384 shares traded.

AIREA Stock Up 8.3 %

The firm’s 50-day moving average price is GBX 24.99 and its 200-day moving average price is GBX 28.37. The company has a market cap of £10.03 million, a price-to-earnings ratio of 1,300.00 and a beta of 1.08. The company has a debt-to-equity ratio of 12.40, a current ratio of 2.98 and a quick ratio of 1.66.

Insider Activity

In other news, insider Conleth Campbell bought 60,000 shares of the firm’s stock in a transaction dated Thursday, September 26th. The stock was acquired at an average cost of GBX 27 ($0.35) per share, for a total transaction of £16,200 ($21,008.95). Insiders own 54.06% of the company’s stock.

About AIREA

AIREA plc, together with its subsidiaries, engages in the designing and manufacture of floor coverings in the United Kingdom and internationally. The company offers carpet tiles and planks for architects, specifiers and contractors in the education, leisure, commercial, hospitality, and public sectors under the Burmatex brand name.