Petards Group (LON:PEG) Share Price Crosses Below 200-Day Moving Average – What’s Next?

Petards Group plc (LON:PEG)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 8.15 ($0.10) and traded as low as GBX 7.60 ($0.10). Petards Group shares last traded at GBX 8.25 ($0.10), with a volume of 20,001 shares traded.

Petards Group Stock Performance

The stock’s 50 day moving average is GBX 7.73 and its 200 day moving average is GBX 8.15. The company has a current ratio of 0.96, a quick ratio of 1.35 and a debt-to-equity ratio of 27.67. The stock has a market capitalization of £5.11 million, a price-to-earnings ratio of -2.86 and a beta of 0.81.

Insiders Place Their Bets

In other news, insider John Wakefield bought 78,000 shares of the business’s stock in a transaction on Thursday, February 6th. The stock was purchased at an average price of GBX 8 ($0.10) per share, with a total value of £6,240 ($7,883.77). Company insiders own 53.70% of the company’s stock.

Petards Group Company Profile

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.