Forterra (LON:FORT) Share Price Passes Below 50 Day Moving Average – Here’s Why

Forterra plc (LON:FORT)’s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 181.74 ($2.28) and traded as low as GBX 164.80 ($2.07). Forterra shares last traded at GBX 165 ($2.07), with a volume of 63,600 shares.

Forterra Stock Down 0.1 %

The company has a debt-to-equity ratio of 62.10, a quick ratio of 0.82 and a current ratio of 1.79. The company’s fifty day moving average is GBX 181.51 and its 200-day moving average is GBX 175.75. The company has a market capitalization of £340.97 million, a PE ratio of 4,120.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25.

Forterra Company Profile

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.