Morgan Sindall Group (LON:MGNS) Share Price Crosses Above Two Hundred Day Moving Average – Time to Sell?

Shares of Morgan Sindall Group plc (LON:MGNS) passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 3,348.98 ($41.70) and traded as high as GBX 3,730 ($46.44). Morgan Sindall Group shares last traded at GBX 3,625 ($45.13), with a volume of 38,081 shares trading hands.

Morgan Sindall Group Stock Down 1.5 %

The company has a market capitalization of £1.70 billion, a price-to-earnings ratio of 1,383.59, a PEG ratio of -68.20 and a beta of 1.31. The stock’s fifty day simple moving average is GBX 3,787.72 and its two-hundred day simple moving average is GBX 3,348.98. The company has a debt-to-equity ratio of 18.51, a current ratio of 1.18 and a quick ratio of 0.87.

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.