Coral Products (LON:CRU) Trading Up 13.3% Following Insider Buying Activity

Coral Products PLC (LON:CRU) traded up 13.3% on Tuesday after an insider bought additional shares in the company. The stock traded as high as GBX 6.40 ($0.08) and last traded at GBX 6.38 ($0.08). 317,309 shares were traded during mid-day trading, an increase of 116% from the average session volume of 147,024 shares. The stock had previously closed at GBX 5.63 ($0.07).

Specifically, insider Joseph (Joe) Grimmond bought 75,000 shares of Coral Products stock in a transaction that occurred on Monday, January 27th. The shares were purchased at an average cost of GBX 6 ($0.07) per share, for a total transaction of £4,500 ($5,599.10).

Coral Products Trading Up 13.3 %

The business has a 50 day simple moving average of GBX 7.11 and a 200-day simple moving average of GBX 9.11. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The stock has a market capitalization of £5.68 million, a price-to-earnings ratio of -637.50 and a beta of 0.64.

Coral Products (LON:CRU) last released its earnings results on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share (EPS) for the quarter. Coral Products had a negative return on equity of 7.00% and a negative net margin of 2.95%. On average, equities analysts predict that Coral Products PLC will post 0.9733456 earnings per share for the current year.

About Coral Products

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.