Morgan Sindall Group (LON:MGNS) Share Price Passes Above Two Hundred Day Moving Average – Here’s What Happened

Morgan Sindall Group plc (LON:MGNS) passed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 3,158.53 ($39.74) and traded as high as GBX 3,940 ($49.58). Morgan Sindall Group shares last traded at GBX 3,905 ($49.14), with a volume of 19,483 shares trading hands.

Morgan Sindall Group Trading Down 0.5 %

The company has a 50 day moving average of GBX 3,788.61 and a 200-day moving average of GBX 3,167.77. The stock has a market cap of £1.82 billion, a price-to-earnings ratio of 1,482.82, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31. The company has a debt-to-equity ratio of 18.51, a quick ratio of 0.87 and a current ratio of 1.18.

Insiders Place Their Bets

In related news, insider Sharon Fennessy purchased 650 shares of the business’s stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of GBX 3,750 ($47.19) per share, for a total transaction of £24,375 ($30,671.95). Also, insider John Christopher Morgan sold 16,968 shares of Morgan Sindall Group stock in a transaction dated Friday, October 25th. The shares were sold at an average price of GBX 3,890 ($48.95), for a total value of £660,055.20 ($830,571.54). Insiders own 11.05% of the company’s stock.

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.