Pressure Technologies (LON:PRES) Stock Price Passes Above 50 Day Moving Average – What’s Next?

Pressure Technologies plc (LON:PRES)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 35.19 ($0.44) and traded as high as GBX 39 ($0.49). Pressure Technologies shares last traded at GBX 38 ($0.48), with a volume of 91,573 shares traded.

Pressure Technologies Price Performance

The company has a debt-to-equity ratio of 31.77, a quick ratio of 1.24 and a current ratio of 1.53. The company has a market capitalization of £14.69 million, a price-to-earnings ratio of -3,800.00, a P/E/G ratio of -0.12 and a beta of 1.58. The business has a 50 day moving average price of GBX 35.19 and a 200-day moving average price of GBX 34.04.

Insider Buying and Selling at Pressure Technologies

In other news, insider Richard Staveley bought 75,000 shares of Pressure Technologies stock in a transaction that occurred on Thursday, October 31st. The shares were acquired at an average price of GBX 34 ($0.43) per share, with a total value of £25,500 ($31,954.89). Insiders own 5.42% of the company’s stock.

Pressure Technologies Company Profile

Pressure Technologies plc, through its subsidiaries, designs, manufactures, and sells high pressure systems for the oil and gas, defense, industrial gases, and hydrogen energy markets in the United Kingdom, France, Norway, the United States, Rest of Europe, Germany, the Netherlands, Taiwan, and internationally.