MJ Gleeson (LON:GLE) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

MJ Gleeson plc (LON:GLEGet Free Report) passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 554.80 ($6.88) and traded as low as GBX 471.50 ($5.85). MJ Gleeson shares last traded at GBX 490 ($6.08), with a volume of 42,851 shares traded.

MJ Gleeson Price Performance

The company has a market capitalization of £286.06 million, a P/E ratio of 1,484.85 and a beta of 1.14. The business has a 50 day simple moving average of GBX 495.51 and a 200-day simple moving average of GBX 554.80. The company has a quick ratio of 0.89, a current ratio of 5.79 and a debt-to-equity ratio of 8.37.

About MJ Gleeson

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

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.

Further Reading

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