Kingspan Group (LON:KGP) Shares Cross Below 200 Day Moving Average – Should You Sell?

Kingspan Group plc (LON:KGP) crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 72.80 ($0.95) and traded as low as GBX 72.50 ($0.95). Kingspan Group shares last traded at GBX 72.80 ($0.95), with a volume of 178,017 shares changing hands.

Kingspan Group Stock Performance

The stock’s fifty day moving average is GBX 72.80 and its two-hundred day moving average is GBX 72.80. The firm has a market capitalization of £132.44 million, a price-to-earnings ratio of 22.47 and a beta of 0.89. The company has a quick ratio of 0.94, a current ratio of 1.78 and a debt-to-equity ratio of 70.26.

Kingspan Group Company Profile

Kingspan Group plc, together with its subsidiaries, provides insulation and building envelope solutions in Western and Southern Europe, Central and Northern Europe, the Americas, and internationally. It operates through six segments: Insulated Panels, Insulation, Light + Air, Water + Energy, Data + Flooring, and Roofing + Waterproofing.