Morgan Sindall Group (LON:MGNS) Share Price Passes Above Two Hundred Day Moving Average – Should You Sell?

Morgan Sindall Group plc (LON:MGNS)’s share price crossed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of GBX 3,266.67 ($39.97) and traded as high as GBX 3,640 ($44.54). Morgan Sindall Group shares last traded at GBX 3,570 ($43.69), with a volume of 178,249 shares traded.

Morgan Sindall Group Stock Performance

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 firm has a market capitalization of £1.67 billion, a PE ratio of 1,362.60, a P/E/G ratio of -68.20 and a beta of 1.31. The firm has a fifty day moving average price of GBX 3,809.32 and a 200 day moving average price of GBX 3,266.67.

Insiders Place Their Bets

In other Morgan Sindall Group news, insider Sharon Fennessy bought 650 shares of the stock in a transaction on Tuesday, October 29th. The shares were bought at an average price of GBX 3,750 ($45.89) per share, with a total value of £24,375 ($29,827.46). Also, insider John Christopher Morgan sold 16,968 shares of the stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($47.60), for a total transaction of £660,055.20 ($807,703.38). Corporate 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.