Ibstock (LON:IBST) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Ibstock plc (LON:IBST) crossed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 185.12 ($2.28) and traded as low as GBX 159.60 ($1.96). Ibstock shares last traded at GBX 166 ($2.04), with a volume of 1,570,704 shares.

Ibstock Price Performance

The stock has a market capitalization of £644.93 million, a price-to-earnings ratio of 8,187.35, a price-to-earnings-growth ratio of 0.47 and a beta of 1.34. The company has a current ratio of 1.37, a quick ratio of 1.19 and a debt-to-equity ratio of 46.91. The stock has a 50-day simple moving average of GBX 185.12 and a 200 day simple moving average of GBX 183.55.

About Ibstock

Ibstock plc manufactures and sells clay and concrete building products and solutions to customers in the residential construction sector in the United Kingdom. The company offers bricks and masonry, which includes facing and engineering bricks, brick slips, special shaped bricks, walling stone, architectural masonry, prefabricated components, eco-habitats, and padstones and lintels, as well as façade systems; roofing products comprising roof tiles and accessories, and chimneys; and flooring and lintels, such as beam and block flooring, insulated flooring, hollowcore, and screed rails.