Kingspan Group (LON:KGP) Stock Price Passes Below Two Hundred Day Moving Average – Time to Sell?

Kingspan Group plc (LON:KGP)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 72.80 ($0.92) and traded as low as GBX 72.50 ($0.91). Kingspan Group shares last traded at GBX 72.80 ($0.92), with a volume of 178,017 shares traded.

Kingspan Group Trading Down 3.4 %

The company has a debt-to-equity ratio of 70.26, a current ratio of 1.78 and a quick ratio of 0.94. The business has a 50-day simple moving average of GBX 72.80 and a two-hundred day simple moving average of GBX 72.80. The stock has a market cap of £132.44 million, a price-to-earnings ratio of 22.47 and a beta of 0.89.

About Kingspan Group

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.