MJ Gleeson (LON:GLE) Shares Pass Below 200 Day Moving Average – Time to Sell?

MJ Gleeson plc (LON:GLEGet Free Report)’s stock price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 554.80 ($6.88) and traded as low as GBX 471.50 ($5.85). MJ Gleeson shares last traded at GBX 490 ($6.08), with a volume of 42,851 shares trading hands.

MJ Gleeson Stock Up 3.0 %

The company has a debt-to-equity ratio of 8.37, a current ratio of 5.79 and a quick ratio of 0.89. The firm has a market capitalization of £286.06 million, a P/E ratio of 1,484.85 and a beta of 1.14. The business has a 50 day moving average price of GBX 495.51 and a 200 day moving average price of GBX 554.80.

MJ Gleeson Company Profile

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MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.

Further Reading

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