The Alumasc Group (LON:ALU) Shares Cross Below 200-Day Moving Average – Here’s What Happened

The Alumasc Group plc (LON:ALU) shares crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 248.50 and traded as low as GBX 231.13. The Alumasc Group shares last traded at GBX 239, with a volume of 7,215 shares traded.

The Alumasc Group Price Performance

The company has a debt-to-equity ratio of 47.99, a quick ratio of 1.19 and a current ratio of 1.88. The stock’s 50 day simple moving average is GBX 245.19 and its two-hundred day simple moving average is GBX 248.50. The firm has a market capitalization of £85.94 million, a PE ratio of 11.72 and a beta of 0.71.

Insiders Place Their Bets

In related news, insider Pamela Bingham acquired 25,000 shares of the stock in a transaction dated Monday, April 20th. The stock was acquired at an average cost of GBX 240 per share, with a total value of £60,000. Also, insider Vijay Thakrar purchased 25,000 shares of the stock in a transaction on Monday, April 20th. The shares were purchased at an average price of GBX 240 per share, with a total value of £60,000. Insiders own 27.82% of the company’s stock.

About The Alumasc Group

Alumasc is a UK-based supplier of premium building products, systems and solutions.

Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.

Over 90% of group sales relate to one or more of the following long-term strategic growth drivers: Energy management, Water management, Bespoke architectural solutions and Ease of construction (including off-site construction)

Our strategy is enabling us to outperform the UK construction market, and we are leveraging this through growth in export sales.