Coral Products (LON:CRU) Shares Pass Below 50 Day Moving Average – Here’s Why

Shares of Coral Products PLC (LON:CRU) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 6.92 ($0.09) and traded as low as GBX 5.80 ($0.07). Coral Products shares last traded at GBX 6.19 ($0.08), with a volume of 71,233 shares changing hands.

Coral Products Price Performance

The company has a market capitalization of £5.51 million, a P/E ratio of -619.00 and a beta of 0.64. The business’s 50-day moving average is GBX 6.92 and its two-hundred day moving average is GBX 8.70. The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 93.25.

Coral Products (LON:CRU) last posted its quarterly earnings data on Monday, January 27th. The company reported GBX (0.35) ($0.00) EPS for the quarter. Coral Products had a negative net margin of 2.95% and a negative return on equity of 7.00%. As a group, analysts predict that Coral Products PLC will post 0.9733456 earnings per share for the current year.

Insider Buying and Selling

In related news, insider Joseph (Joe) Grimmond acquired 75,000 shares of the stock in a transaction on Monday, January 27th. The shares were acquired at an average price of GBX 6 ($0.08) per share, with a total value of £4,500 ($5,625.70). 39.93% of the stock is currently owned by corporate insiders.

Coral Products Company Profile

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.