The Alumasc Group (LON:ALU) Shares Pass Above Fifty Day Moving Average – Here’s Why

The Alumasc Group plc (LON:ALU)’s share price crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 338.93 ($4.53) and traded as high as GBX 345 ($4.61). The Alumasc Group shares last traded at GBX 338.50 ($4.53), with a volume of 37,983 shares trading hands.

The Alumasc Group Trading Up 0.5%

The stock has a 50 day simple moving average of GBX 338.93 and a 200-day simple moving average of GBX 353.22. The firm has a market capitalization of £122.93 million, a P/E ratio of 13.51 and a beta of 0.90. The company has a current ratio of 1.66, a quick ratio of 1.19 and a debt-to-equity ratio of 58.17.

The Alumasc Group (LON:ALU) last released its quarterly earnings results on Tuesday, September 2nd. The company reported GBX 29.90 earnings per share (EPS) for the quarter. The Alumasc Group had a return on equity of 29.24% and a net margin of 8.69%. On average, equities research analysts forecast that The Alumasc Group plc will post 29.3908629 EPS for the current fiscal year.

The Alumasc Group Company Profile

Alumasc is a UK-based supplier of premium building products, systems and solutions.

Almost 80% of group sales are driven by building regulations and specifications (architects and structural engineers) because of the performance characteristics offered.

Over 90% of group sales relate to one or more of the following long-term strategic growth drivers: Energy management, Water management, Bespoke architectural solutions and Ease of construction (including off-site construction)

Our strategy is enabling us to outperform the UK construction market, and we are leveraging this through growth in export sales.