Coral Products (LON:CRU) Sets New 1-Year Low – Here’s Why

Shares of Coral Products PLC (LON:CRU) hit a new 52-week low during trading on Tuesday . The company traded as low as GBX 5.25 and last traded at GBX 5.75, with a volume of 15910 shares trading hands. The stock had previously closed at GBX 5.75.

Coral Products Stock Performance

The stock has a 50 day moving average of GBX 6.41 and a 200 day moving average of GBX 7.92. The company has a quick ratio of 0.74, a current ratio of 1.14 and a debt-to-equity ratio of 119.30. The company has a market capitalization of £5.11 million, a price-to-earnings ratio of 2.69 and a beta of 0.29.

Insider Buying and Selling

In related news, insider David Low acquired 50,000 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The shares were bought at an average cost of GBX 6 per share, with a total value of £3,000. Also, insider Ian Hillman acquired 80,907 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average cost of GBX 6 per share, for a total transaction of £4,854.42. 32.86% of the stock is owned by insiders.

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.