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

Shares of Kingspan Group plc (LON:KGP) 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 Stock Performance

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

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.