Petards Group (LON:PEG) Share Price Passes Below 200-Day Moving Average – Should You Sell?

Shares of Petards Group plc (LON:PEG) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 8.19 ($0.11) and traded as low as GBX 7.55 ($0.10). Petards Group shares last traded at GBX 7.55 ($0.10), with a volume of 100,000 shares changing hands.

Petards Group Stock Performance

The company has a current ratio of 0.96, a quick ratio of 1.35 and a debt-to-equity ratio of 27.67. The firm has a market capitalization of £4.68 million, a PE ratio of -2.61 and a beta of 0.81. The stock’s 50 day moving average price is GBX 7.64 and its two-hundred day moving average price is GBX 8.19.

Insiders Place Their Bets

In other news, insider John Wakefield purchased 78,000 shares of the firm’s stock in a transaction on Thursday, February 6th. The shares were bought at an average cost of GBX 8 ($0.10) per share, with a total value of £6,240 ($8,117.60). 53.70% of the stock is currently owned by company insiders.

Petards Group Company Profile

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.