Petards Group (LON:PEG) Share Price Crosses Below 200 Day Moving Average – Time to Sell?

Petards Group plc (LON:PEG)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 8.13 ($0.10) and traded as low as GBX 7.35 ($0.09). Petards Group shares last traded at GBX 7.35 ($0.09), with a volume of 8,877 shares.

Petards Group Stock Performance

The company’s fifty day simple moving average is GBX 7.91 and its 200-day simple moving average is GBX 8.13. The firm has a market capitalization of £4.65 million, a PE ratio of -2.60 and a beta of 0.81. The company has a debt-to-equity ratio of 27.67, a current ratio of 0.96 and a quick ratio of 1.35.

Insider Buying and Selling

In other news, insider John Wakefield purchased 78,000 shares of the stock in a transaction dated Thursday, February 6th. The shares were purchased at an average cost of GBX 8 ($0.10) per share, with a total value of £6,240 ($7,842.15). Insiders own 53.70% of the company’s stock.

About Petards Group

Petards Group plc, together with its subsidiaries, develops, supplies, and maintains technologies used in advanced security, surveillance, and ruggedized electronic applications in the United Kingdom, Continental Europe, and internationally. It offers rail technology solutions, such as eyeTrain, a solution for digital on-train surveillance subsystem; and RTS, a solution that provides safety for railway infrastructures by supporting rail companies and sub-contractors with resources, assets, safety, and failure management software.