Coral Products (LON:CRU) Trading 13.3% Higher Following Insider Buying Activity

Coral Products PLC (LON:CRU)’s share price rose 13.3% during mid-day trading on Tuesday following insider buying activity. The stock traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.38 ($0.08). Approximately 317,309 shares were traded during mid-day trading, an increase of 116% from the average daily volume of 147,024 shares. The stock had previously closed at GBX 5.63 ($0.07).

Specifically, insider Joseph (Joe) Grimmond purchased 75,000 shares of the stock in a transaction that occurred on Monday, January 27th. The stock was purchased at an average price of GBX 6 ($0.07) per share, with a total value of £4,500 ($5,602.59).

Coral Products Trading Down 0.1 %

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 93.25. The firm has a market cap of £5.67 million, a P/E ratio of -637.00 and a beta of 0.64. The company’s 50 day simple moving average is GBX 7.04 and its 200-day simple moving average is GBX 8.94.

Coral Products (LON:CRU) last announced its quarterly earnings data on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share (EPS) for the quarter. Coral Products had a negative return on equity of 7.00% and a negative net margin of 2.95%. As a group, research analysts predict that Coral Products PLC will post 0.9733456 earnings per share for the current fiscal year.

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.