Coral Products (LON:CRU) Share Price Crosses Below 50 Day Moving Average – Here’s Why

Coral Products PLC (LON:CRUGet Free Report)’s share price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 6.78 and traded as low as GBX 5.52. Coral Products shares last traded at GBX 5.52, with a volume of 33,131 shares.

Coral Products Trading Up 0.8%

The company has a debt-to-equity ratio of 119.30, a current ratio of 1.14 and a quick ratio of 0.74. The company has a market cap of £5.04 million, a price-to-earnings ratio of 2.65 and a beta of 0.29. The business has a 50 day simple moving average of GBX 6.78 and a 200 day simple moving average of GBX 8.09.

Insiders Place Their Bets

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

Coral Products Company Profile

(Get Free Report)

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.

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