MJ Gleeson (LON:GLE) Releases Quarterly Earnings Results

MJ Gleeson (LON:GLE) announced its earnings results on Tuesday. The company reported GBX 4.80 ($0.06) earnings per share (EPS) for the quarter, Digital Look Earnings reports. MJ Gleeson had a return on equity of 6.61% and a net margin of 5.59%.

MJ Gleeson Stock Up 5.8 %

GLE traded up GBX 27.40 ($0.34) during midday trading on Thursday, reaching GBX 503.40 ($6.27). The company’s stock had a trading volume of 259,257 shares, compared to its average volume of 76,517. The stock’s 50-day moving average is GBX 494.54 and its 200-day moving average is GBX 552.71. MJ Gleeson has a 1 year low of GBX 439.50 ($5.47) and a 1 year high of GBX 654 ($8.14). The firm has a market capitalization of £293.88 million, a price-to-earnings ratio of 1,525.45 and a beta of 1.14. The company has a current ratio of 5.79, a quick ratio of 0.89 and a debt-to-equity ratio of 8.37.

Insider Transactions at MJ Gleeson

In other news, insider Graham Prothero purchased 8,020 shares of the business’s stock in a transaction dated Tuesday, February 11th. The shares were purchased at an average price of GBX 499 ($6.21) per share, for a total transaction of £40,019.80 ($49,813.04). Insiders own 16.85% of the company’s stock.

MJ Gleeson Company Profile

MJ Gleeson plc comprises two divisions: Gleeson Homes and Gleeson Land.

Gleeson Homes is the leading low-cost, affordable housebuilder. Its two-bedroom homes start from circa £100,000. Gleeson’s vision is “Building Homes. Changing Lives”, prioritising areas where people need affordable housing the most.