AIREA (LON:AIEA) Share Price Crosses Above 50-Day Moving Average – Here’s Why

AIREA plc (LON:AIEA) shares passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 26.65 and traded as high as GBX 28. AIREA shares last traded at GBX 28, with a volume of 77,981 shares changing hands.

AIREA Stock Down 1.8%

The firm has a 50 day simple moving average of GBX 26.65 and a two-hundred day simple moving average of GBX 24.80. The company has a debt-to-equity ratio of 12.40, a quick ratio of 1.66 and a current ratio of 2.98. The stock has a market cap of £10.35 million, a P/E ratio of 7.13 and a beta of 1.08.

AIREA (LON:AIEA) last announced its quarterly earnings results on Tuesday, September 29th. The company reported GBX 0.57 earnings per share (EPS) for the quarter. AIREA had a return on equity of 0.39% and a net margin of 0.31%.

Insider Activity at AIREA

In related news, insider Tanya Ashton bought 33,320 shares of the firm’s stock in a transaction that occurred on Thursday, August 6th. The stock was purchased at an average price of GBX 26 per share, for a total transaction of £8,663.20. Also, insider Mederic Payne sold 161,662 shares of the business’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of GBX 26, for a total transaction of £42,032.12. Company insiders own 16.42% of the company’s stock.

About AIREA

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.