McBride (LON:MCB) Shares Down 10.2% – Time to Sell?

McBride plc (LON:MCB)’s stock price dropped 10.2% during mid-day trading on Tuesday . The stock traded as low as GBX 121.50 ($1.50) and last traded at GBX 123 ($1.52). Approximately 1,100,271 shares were traded during mid-day trading, an increase of 195% from the average daily volume of 372,503 shares. The stock had previously closed at GBX 137 ($1.69).

McBride Trading Down 10.6 %

The firm has a market capitalization of £212.57 million, a P/E ratio of 644.74, a P/E/G ratio of -0.36 and a beta of 1.17. The company has a current ratio of 0.92, a quick ratio of 0.54 and a debt-to-equity ratio of 222.08. The stock has a 50 day simple moving average of GBX 106.84 and a 200-day simple moving average of GBX 117.49.

Insider Buying and Selling at McBride

In other news, insider Mark Strickland bought 9,500 shares of McBride stock in a transaction that occurred on Friday, November 15th. The stock was bought at an average cost of GBX 97 ($1.20) per share, with a total value of £9,215 ($11,362.52). Also, insider Christopher Ian Charles Smith sold 145,000 shares of the firm’s stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of GBX 112 ($1.38), for a total transaction of £162,400 ($200,246.61). 5.78% of the stock is owned by corporate insiders.

About McBride

McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Australia, rest of Europe, rest of Asia-Pacific, and internationally. The company operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.