AIREA (LON:AIEA) Stock Passes Below 50 Day Moving Average – What’s Next?

AIREA plc (LON:AIEAGet Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 24.99 ($0.32) and traded as low as GBX 24.70 ($0.32). AIREA shares last traded at GBX 26 ($0.34), with a volume of 15,384 shares traded.

AIREA Price Performance

The company has a current ratio of 2.98, a quick ratio of 1.66 and a debt-to-equity ratio of 12.40. The company has a market capitalization of £10.03 million, a P/E ratio of 1,300.00 and a beta of 1.08. The business’s fifty day moving average price is GBX 24.95 and its 200-day moving average price is GBX 28.32.

Insiders Place Their Bets

In other AIREA news, insider Conleth Campbell purchased 60,000 shares of the stock in a transaction on Thursday, September 26th. The stock was acquired at an average cost of GBX 27 ($0.35) per share, with a total value of £16,200 ($21,008.95). 54.06% of the stock is currently owned by insiders.

About AIREA

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AIREA plc, together with its subsidiaries, engages in the designing and manufacture of floor coverings in the United Kingdom and internationally. The company offers carpet tiles and planks for architects, specifiers and contractors in the education, leisure, commercial, hospitality, and public sectors under the Burmatex brand name.

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