MJ Gleeson (LON:GLE) Shares Cross Below 200-Day Moving Average – Here’s Why

MJ Gleeson plc (LON:GLE)’s stock price passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 559.68 ($6.94) and traded as low as GBX 475.50 ($5.89). MJ Gleeson shares last traded at GBX 481.41 ($5.97), with a volume of 13,128 shares trading hands.

MJ Gleeson Stock Up 1.9 %

The stock has a market capitalization of £284.89 million, a price-to-earnings ratio of 1,478.79 and a beta of 1.14. The firm has a 50 day simple moving average of GBX 497.99 and a 200-day simple moving average of GBX 558.77. The company has a debt-to-equity ratio of 8.37, a current ratio of 5.79 and a quick ratio of 0.89.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.