Coral Products (LON:CRU) Share Price Crosses Below 50-Day Moving Average – Time to Sell?

Shares of Coral Products PLC (LON:CRU) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 7.55 and traded as low as GBX 5.75. Coral Products shares last traded at GBX 6.22, with a volume of 864 shares traded.

Coral Products Stock Up 1.1%

The company has a debt-to-equity ratio of 119.30, a current ratio of 1.14 and a quick ratio of 0.74. The firm’s 50-day moving average price is GBX 7.55 and its 200 day moving average price is GBX 8.36. The firm has a market cap of £5.28 million, a P/E ratio of 2.78 and a beta of 0.43.

Insider Activity

In related news, insider David Low purchased 50,000 shares of Coral Products stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of GBX 6 per share, with a total value of £3,000. Also, insider Ian Hillman purchased 80,907 shares of Coral Products stock in a transaction dated Monday, April 20th. The shares were bought at an average cost of GBX 6 per share, for a total transaction of £4,854.42. Company insiders own 32.86% of the company’s stock.

About Coral Products

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.