AIREA (LON:AIEA) Share Price Crosses Above 50-Day Moving Average – Here’s Why

AIREA plc (LON:AIEA)’s share price passed above its fifty day moving average during trading on Wednesday. The stock has a fifty day moving average of GBX 26.65 and traded as high as GBX 28. AIREA shares last traded at GBX 28, with a volume of 77,981 shares traded.

AIREA Trading Down 1.8%

The company has a quick ratio of 1.66, a current ratio of 2.98 and a debt-to-equity ratio of 12.40. The firm’s 50 day simple moving average is GBX 26.65 and its two-hundred day simple moving average is GBX 24.80. The stock has a market cap of £10.35 million, a P/E ratio of 7.13 and a beta of 1.08.

AIREA (LON:AIEA) last issued its earnings results on Tuesday, September 29th. The company reported GBX 0.57 earnings per share for the quarter. AIREA had a net margin of 0.31% and a return on equity of 0.39%.

Insider Activity at AIREA

In other AIREA news, insider Mederic Payne sold 161,662 shares of the firm’s stock in a transaction dated Thursday, September 17th. The shares were sold at an average price of GBX 26, for a total value of £42,032.12. Also, insider Conleth Campbell sold 65,186 shares of the firm’s stock in a transaction dated Thursday, September 17th. The stock was sold at an average price of GBX 26, for a total transaction of £16,948.36. Insiders own 16.42% of the company’s stock.

AIREA Company Profile

AIREA plc is a UK design-led specialist flooring company listed on the AIM market of the London Stock Exchange, supplying to both UK and international markets. Since 2007, the Group has been focused solely on floor coverings and enjoys a strong and growing brand position within the commercial flooring market.