MJ Gleeson (LON:GLE) Stock Passes Below 200 Day Moving Average – Here’s What Happened

MJ Gleeson plc (LON:GLEGet Free Report)’s share price crossed 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 changing hands.

MJ Gleeson Trading Up 1.9 %

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

About MJ Gleeson

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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.

Further Reading

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