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

Morgan Sindall Group plc (LON:MGNS) passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred 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 traded.

Morgan Sindall Group Stock Down 1.5 %

The business’s 50-day moving average price is GBX 3,787.72 and its 200-day moving average price is GBX 3,348.98. 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 firm has a market capitalization of £1.70 billion, a PE ratio of 1,383.59, a price-to-earnings-growth ratio of -68.20 and a beta of 1.31.

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.