Forterra (LON:FORT) Stock Price Crosses Below 50 Day Moving Average – What’s Next?

Forterra plc (LON:FORT)’s stock price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 181.74 ($2.28) and traded as low as GBX 164.80 ($2.07). Forterra shares last traded at GBX 165 ($2.07), with a volume of 63,600 shares trading hands.

Forterra Price Performance

The business’s fifty day moving average price is GBX 181.74 and its 200-day moving average price is GBX 175.79. The company has a market capitalization of £341.39 million, a P/E ratio of 4,125.00, a P/E/G ratio of 0.30 and a beta of 1.25. The company has a current ratio of 1.79, a quick ratio of 0.82 and a debt-to-equity ratio of 62.10.

Forterra Company Profile

Forterra plc engages in the manufacture and sale of building products in the United Kingdom. The company operates through three segments: Bricks, Blocks, and Bespoke Products. It offers bricks; aircrete and aggregate blocks for internal and external applications, such as foundations, floors and walls, and detailing; bespoke precast concrete products comprising jetfloor, hollowcore, beam and block, and flooring, as well as box culverts, omnia bridge decks, and retaining walls for infrastructure; and crosswall frames, stairs and landings, stadia components, and columns and beams for structural projects.