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

MJ Gleeson plc (LON:GLE)’s share price passed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 375.17 and traded as low as GBX 340. MJ Gleeson shares last traded at GBX 352, with a volume of 52,903 shares traded.

MJ Gleeson Stock Performance

The company has a debt-to-equity ratio of 7.86, a quick ratio of 0.89 and a current ratio of 3.87. The stock has a market cap of £193.80 million, a P/E ratio of 12.25 and a beta of 0.57. The business’s 50-day moving average price is GBX 386.38 and its 200-day moving average price is GBX 374.74.

MJ Gleeson (LON:GLE) last released its earnings results on Thursday, February 12th. The company reported GBX 2.65 earnings per share for the quarter. MJ Gleeson had a return on equity of 4.67% and a net margin of 3.76%. As a group, sell-side analysts expect that MJ Gleeson plc will post 35.1412429 earnings per share for the current fiscal year.

MJ Gleeson Company Profile

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

Gleeson Homes, under the banner of “Building Homes. Changing Lives” builds high-quality affordable homes across the Midlands and North of England. To meet customer demand, and without compromising affordability, the range of homes available extends from one-bed apartments to five-bedroom houses. With a two-bedroom home available from £100,000, a key objective is to ensure that on all of our developments, a meaningful proportion of homes are affordable to a couple earning the National Living Wage.