Coral Products (LON:CRU) Shares Up 21% – What’s Next?

Coral Products PLC (LON:CRU)’s share price traded up 21% during mid-day trading on Thursday . The company traded as high as GBX 6.96 ($0.09) and last traded at GBX 6.96 ($0.09). 458,119 shares traded hands during mid-day trading, an increase of 294% from the average session volume of 116,389 shares. The stock had previously closed at GBX 5.75 ($0.07).

Coral Products Price Performance

The company has a debt-to-equity ratio of 93.25, a quick ratio of 0.74 and a current ratio of 1.19. The company’s fifty day moving average price is GBX 6.05 and its 200 day moving average price is GBX 7.28. The firm has a market capitalization of £6.31 million, a price-to-earnings ratio of -6.95 and a beta of 0.64.

Coral Products (LON:CRU) last issued its earnings results 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 6.84%. Equities research analysts expect that Coral Products PLC will post 0.9733456 earnings per share for the current year.

Insiders Place Their Bets

In other news, insider Joseph (Joe) Grimmond purchased 75,000 shares of the company’s stock in a transaction on Monday, January 27th. The shares were bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £4,500 ($5,854.04). Also, insider Paul Rice purchased 93,672 shares of the business’s stock in a transaction dated Tuesday, February 25th. The shares were acquired at an average cost of GBX 6 ($0.08) per share, for a total transaction of £5,620.32 ($7,311.46). Insiders have purchased 183,672 shares of company stock valued at $1,102,032 over the last three months. Company insiders own 39.93% of the company’s stock.

About Coral Products

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.