The Alumasc Group (LON:ALU) Share Price Passes Above 50-Day Moving Average – Time to Sell?

The Alumasc Group plc (LON:ALU) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 305.84 ($3.79) and traded as high as GBX 320 ($3.96). The Alumasc Group shares last traded at GBX 311 ($3.85), with a volume of 46,550 shares changing hands.

The Alumasc Group Stock Down 1.6 %

The company has a current ratio of 1.66, a quick ratio of 1.19 and a debt-to-equity ratio of 58.17. The company has a 50-day simple moving average of GBX 306.59 and a 200 day simple moving average of GBX 266.60. The company has a market cap of £111.45 million, a P/E ratio of 1,291.67 and a beta of 0.90.

Insiders Place Their Bets

In other news, insider Gilbert Jackson sold 5,230 shares of The Alumasc Group stock in a transaction that occurred on Wednesday, October 23rd. The shares were sold at an average price of GBX 274 ($3.39), for a total transaction of £14,330.20 ($17,737.59). Also, insider Michael Leaf sold 8,370 shares of the company’s stock in a transaction dated Tuesday, November 5th. The stock was sold at an average price of GBX 310 ($3.84), for a total transaction of £25,947 ($32,116.60). 47.23% of the stock is currently owned by corporate insiders.

The Alumasc Group Company Profile

The Alumasc Group plc, together with its subsidiaries, manufactures and sells building products, systems, and solutions in the United Kingdom, Europe, North America, the Middle East, the Far East, and internationally. The company operates through Water Management, Building Envelope, and Housebuilding Products segments.