The Alumasc Group (LON:ALU) Stock Passes Below 200 Day Moving Average – Here’s What Happened

The Alumasc Group plc (LON:ALU)’s share price passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 253.27 and traded as low as GBX 245. The Alumasc Group shares last traded at GBX 248.06, with a volume of 59,413 shares trading hands.

The Alumasc Group Trading Down 0.8%

The company has a debt-to-equity ratio of 60.88, a quick ratio of 1.19 and a current ratio of 1.88. The company has a 50 day simple moving average of GBX 245.11 and a two-hundred day simple moving average of GBX 253.27. The firm has a market cap of £89.20 million, a PE ratio of 12.16 and a beta of 0.73.

Insider Activity

In related news, insider Vijay Thakrar acquired 25,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was acquired at an average price of GBX 240 per share, with a total value of £60,000. Also, insider Pamela Bingham acquired 25,000 shares of the firm’s stock in a transaction dated Monday, April 20th. The stock was bought at an average cost of GBX 240 per share, with a total value of £60,000. Insiders own 27.61% of the company’s stock.

The Alumasc Group Company Profile

Alumasc is a UK-based supplier of premium building products, systems and solutions.

Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.

Over 90% of group sales relate to one or more of the following long-term strategic growth drivers: Energy management, Water management, Bespoke architectural solutions and Ease of construction (including off-site construction)

Our strategy is enabling us to outperform the UK construction market, and we are leveraging this through growth in export sales.