Coral Products (LON:CRU) Shares Cross Below 50-Day Moving Average – Should You Sell?

Coral Products PLC (LON:CRU)’s stock price passed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 6.13 ($0.08) and traded as low as GBX 5.78 ($0.07). Coral Products shares last traded at GBX 5.78 ($0.07), with a volume of 5,662 shares changing hands.

Coral Products Price Performance

The stock has a fifty day moving average price of GBX 6.11 and a 200-day moving average price of GBX 7.46. The firm has a market capitalization of £5.12 million, a PE ratio of -5.63 and a beta of 0.64. The company has a debt-to-equity ratio of 93.25, a quick ratio of 0.74 and a current ratio of 1.19.

Coral Products (LON:CRU) last announced its quarterly earnings results on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share (EPS) for the quarter. Coral Products had a negative net margin of 2.95% and a negative return on equity of 6.84%. Sell-side analysts forecast that Coral Products PLC will post 0.9733456 EPS for the current fiscal year.

Insider Activity

In other Coral Products news, insider Joseph (Joe) Grimmond bought 75,000 shares of the company’s stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of GBX 6 ($0.08) per share, for a total transaction of £4,500 ($5,820.72). Also, insider Paul Rice bought 93,672 shares of the company’s stock in a transaction that occurred on Tuesday, February 25th. The shares were acquired at an average price of GBX 6 ($0.08) per share, for a total transaction of £5,620.32 ($7,269.85). In the last three months, insiders have purchased 183,672 shares of company stock worth $1,102,032. 39.93% of the stock is currently owned by company 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.