Coral Products (LON:CRU) Shares Cross Below 50 Day Moving Average – Should You Sell?

Coral Products PLC (LON:CRU) shares passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 6.22 ($0.08) and traded as low as GBX 5.97 ($0.08). Coral Products shares last traded at GBX 6.09 ($0.08), with a volume of 109,295 shares trading hands.

Coral Products Stock Up 3.8 %

The company has a debt-to-equity ratio of 93.25, a current ratio of 1.19 and a quick ratio of 0.74. The stock has a market capitalization of £5.52 million, a PE ratio of -6.07 and a beta of 0.64. The company has a 50 day moving average price of GBX 6.22 and a 200-day moving average price of GBX 7.71.

Coral Products (LON:CRU) last posted its earnings results on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share (EPS) for the quarter. Coral Products had a negative net margin of 2.95% and a negative return on equity of 6.84%. As a group, analysts forecast that Coral Products PLC will post 0.9733456 earnings per share for the current fiscal year.

Insider Activity

In other news, insider Paul Rice acquired 93,672 shares of the firm’s stock in a transaction on Tuesday, February 25th. The stock was acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £5,620.32 ($7,244.55). Also, insider Joseph (Joe) Grimmond acquired 15,000 shares of the firm’s stock in a transaction on Thursday, February 20th. The stock was purchased at an average price of GBX 6 ($0.08) per share, with a total value of £900 ($1,160.09). Over the last three months, insiders have acquired 183,672 shares of company stock valued at $1,102,032. Company insiders own 39.93% of the company’s stock.

Coral Products Company Profile

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.