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

Morgan Sindall Group plc (LON:MGNS) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,102.16 ($38.99) and traded as high as GBX 3,815 ($47.95). Morgan Sindall Group shares last traded at GBX 3,800 ($47.76), with a volume of 89,895 shares changing hands.

Morgan Sindall Group Stock Up 0.8 %

The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87. The company has a fifty day moving average price of GBX 3,701.81 and a 200 day moving average price of GBX 3,111.16. The company has a market cap of £1.81 billion, a PE ratio of 1,479.01, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

Insider Buying and Selling at Morgan Sindall Group

In other news, insider Kelly Gangotra purchased 975 shares of the stock in a transaction on Friday, September 27th. The shares were acquired at an average price of GBX 3,030 ($38.08) per share, for a total transaction of £29,542.50 ($37,127.69). Also, insider John Christopher Morgan sold 16,968 shares of the business’s stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($48.89), for a total transaction of £660,055.20 ($829,527.71). 11.05% of the stock is currently owned by company insiders.

Morgan Sindall Group Company Profile

Morgan Sindall Group plc operates as a construction and regeneration company in the United Kingdom. It operates through six segments: Construction, Infrastructure, Fit Out, Property Services, Partnership Housing, and Urban Regeneration. The Infrastructure segment provides infrastructure services to highways, rail, energy, water, and nuclear markets.