McBride (LON:MCB) Shares Pass Above 200 Day Moving Average of $25.16

McBride plc (LON:MCBGet Rating)’s share price crossed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 25.16 ($0.32) and traded as high as GBX 31.71 ($0.40). McBride shares last traded at GBX 30.70 ($0.38), with a volume of 970 shares.

Analyst Upgrades and Downgrades

Separately, Peel Hunt reiterated a “hold” rating and set a GBX 30 ($0.38) target price on shares of McBride in a report on Tuesday, February 28th.

McBride Stock Performance

The company has a market capitalization of £53.44 million, a price-to-earnings ratio of -191.88, a price-to-earnings-growth ratio of -0.36 and a beta of 1.00. The company has a current ratio of 1.01, a quick ratio of 0.54 and a debt-to-equity ratio of 475.60. The stock’s fifty day simple moving average is GBX 29.37 and its 200-day simple moving average is GBX 25.16.

Insiders Place Their Bets

In other news, insider Mark Strickland acquired 50,000 shares of the company’s stock in a transaction on Thursday, March 30th. The shares were bought at an average cost of GBX 2,690 ($33.70) per share, with a total value of £1,345,000 ($1,684,830.26). 4.23% of the stock is owned by company insiders.

About McBride

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McBride plc, together with its subsidiaries, manufactures and sells private label household and personal care products to retailers and brand owners in the United Kingdom, Germany, France, Australia, rest of Europe, rest of Asia-Pacific, and internationally. The company operates through five segments: Liquids, Powders, Unit dosing, Aerosols, and Asia Pacific.

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