Coral Products (LON:CRU) Shares Pass Above Fifty Day Moving Average – What’s Next?

Shares of Coral Products PLC (LON:CRU) passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 6.45 ($0.09) and traded as high as GBX 7.74 ($0.10). Coral Products shares last traded at GBX 7.49 ($0.10), with a volume of 426,443 shares.

Coral Products Price Performance

The company has a quick ratio of 0.74, a current ratio of 1.19 and a debt-to-equity ratio of 93.25. The firm’s fifty day moving average price is GBX 6.45 and its two-hundred day moving average price is GBX 6.71. The stock has a market capitalization of £6.67 million, a PE ratio of -7.34 and a beta of 0.64.

Coral Products (LON:CRU) last released its 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 return on equity of 6.84% and a negative net margin of 2.95%. On average, equities analysts predict that Coral Products PLC will post 0.9733456 earnings per share for the current year.

Insider Buying and Selling at Coral Products

In related news, insider Paul Rice acquired 89,169 shares of the firm’s stock in a transaction that occurred on Friday, April 4th. The stock was bought at an average price of GBX 7 ($0.09) per share, for a total transaction of £6,241.83 ($8,270.61). Also, insider Joseph (Joe) Grimmond bought 15,000 shares of the company’s stock in a transaction on Thursday, February 20th. The stock was bought at an average price of GBX 6 ($0.08) per share, for a total transaction of £900 ($1,192.53). Insiders acquired 272,841 shares of company stock worth $1,726,215 over the last 90 days. Company insiders own 39.93% of the company’s stock.

Coral Products Company Profile

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.