Pressure Technologies (LON:PRES) Shares Pass Below 50 Day Moving Average – Time to Sell?

Pressure Technologies plc (LON:PRES)’s share price passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 36.56 ($0.45) and traded as low as GBX 36.20 ($0.44). Pressure Technologies shares last traded at GBX 36.20 ($0.44), with a volume of 65,132 shares traded.

Pressure Technologies Stock Performance

The company has a quick ratio of 1.24, a current ratio of 1.53 and a debt-to-equity ratio of 31.77. The firm has a market capitalization of £14.44 million, a PE ratio of -3,733.30, a P/E/G ratio of -0.12 and a beta of 1.58. The firm’s 50-day moving average price is GBX 36.58 and its two-hundred day moving average price is GBX 33.97.

Insiders Place Their Bets

In related news, insider Richard Staveley purchased 75,000 shares of Pressure Technologies stock in a transaction dated Thursday, October 31st. The stock was acquired at an average cost of GBX 34 ($0.42) per share, with a total value of £25,500 ($31,211.75). Corporate insiders own 5.42% of the company’s stock.

Pressure Technologies Company Profile

Headquartered in Sheffield, United Kingdom, the Pressure Technologies Group is a leading designer and manufacturer of high-integrity, safety-critical components and systems serving global supply chains in oil and gas, defence, industrial gases and hydrogen energy markets. The Group has two divisions, Chesterfield Special Cylinders and Precision Machined Components.