Morgan Sindall Group (LON:MGNS) Share Price Passes Above 200-Day Moving Average – Time to Sell?

Morgan Sindall Group plc (LON:MGNS) shares passed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 3,308.69 ($40.79) and traded as high as GBX 3,750 ($46.23). Morgan Sindall Group shares last traded at GBX 3,750 ($46.23), with a volume of 173,129 shares trading hands.

Morgan Sindall Group Price Performance

The company has a quick ratio of 0.87, a current ratio of 1.18 and a debt-to-equity ratio of 18.51. The stock has a fifty day moving average of GBX 3,802.62 and a 200-day moving average of GBX 3,308.69. The stock has a market capitalization of £1.76 billion, a price-to-earnings ratio of 1,431.30, a P/E/G ratio of -68.20 and a beta of 1.31.

Insider Activity

In other Morgan Sindall Group news, insider John Christopher Morgan sold 16,968 shares of Morgan Sindall Group stock in a transaction that occurred on Friday, October 25th. The stock was sold at an average price of GBX 3,890 ($47.96), for a total transaction of £660,055.20 ($813,777.83). Also, insider Sharon Fennessy acquired 650 shares of Morgan Sindall Group stock in a transaction on Tuesday, October 29th. The stock was purchased at an average price of GBX 3,750 ($46.23) per share, with a total value of £24,375 ($30,051.78). Company insiders own 11.05% of the company’s stock.

About Morgan Sindall Group

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.