Morgan Sindall Group (LON:MGNS) Share Price Crosses Above 200-Day Moving Average – Here’s Why

Shares of Morgan Sindall Group plc (LON:MGNS) passed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 3,212.71 ($39.91) and traded as high as GBX 3,865 ($48.01). Morgan Sindall Group shares last traded at GBX 3,860 ($47.95), with a volume of 34,610 shares traded.

Morgan Sindall Group Stock Down 0.3 %

The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The stock has a market capitalization of £1.81 billion, a PE ratio of 1,473.28, a PEG ratio of -68.20 and a beta of 1.31. The firm’s fifty day moving average is GBX 3,821.79 and its 200-day moving average is GBX 3,217.07.

Insider Buying and Selling

In other Morgan Sindall Group news, insider John Christopher Morgan sold 16,968 shares of Morgan Sindall Group stock in a transaction dated Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($48.32), for a total value of £660,055.20 ($819,944.35). Also, insider Sharon Fennessy bought 650 shares of the stock in a transaction that occurred on Tuesday, October 29th. The stock was bought at an average price of GBX 3,750 ($46.58) per share, with a total value of £24,375 ($30,279.50). 11.05% of the stock is currently owned by insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc, the Partnerships, Fit Out and Construction Services Group, reported annual revenues of £4.1bn in full year 2023, employing around 7,700 employees and operating in the public, regulated and private sectors. It reports through six divisions of Partnership Housing, Mixed Use Partnerships, Fit Out, Construction, Infrastructure and Property Services.