Nexus Infrastructure (LON:NEXS) Trading 5% Higher – Time to Buy?

Nexus Infrastructure plc (LON:NEXS) shares were up 5% during mid-day trading on Monday . The company traded as high as GBX 125 and last traded at GBX 125. Approximately 10,003 shares traded hands during mid-day trading, a decline of 4% from the average daily volume of 10,384 shares. The stock had previously closed at GBX 119.

Nexus Infrastructure Stock Up 2.7%

The company has a debt-to-equity ratio of 35.41, a quick ratio of 1.21 and a current ratio of 2.52. The stock’s 50 day simple moving average is GBX 128.66 and its 200 day simple moving average is GBX 141.25. The firm has a market cap of £11.27 million, a P/E ratio of -3.53 and a beta of 0.88.

Insider Transactions at Nexus Infrastructure

In related news, insider Charles Sweeney bought 3,927 shares of the company’s stock in a transaction dated Monday, September 29th. The shares were bought at an average price of GBX 127 per share, for a total transaction of £4,987.29. Also, insider Dawn Hillman bought 3,901 shares of the business’s stock in a transaction that occurred on Monday, September 29th. The shares were bought at an average cost of GBX 127 per share, for a total transaction of £4,954.27. Corporate insiders own 21.88% of the company’s stock.

About Nexus Infrastructure

Nexus is a leading provider of civil engineering infrastructure solutions through its two subsidiaries: Tamdown Group Limited and Coleman Construction & Utilities Limited.

Tamdown provides a range of civil engineering and infrastructure solutions to the UK housebuilding sector, with operations focused on the South-East of England and London. It has an established market-leading position, having been in operation for over 48 years.

Coleman delivers civil engineering and building projects in the water, rail, highways and rivers & marine sectors.