Genuit Group (LON:PLP) Share Price Passes Above 50 Day Moving Average – Time to Sell?

Genuit Group plc (LON:PLPGet Free Report) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 567 ($7.30) and traded as high as GBX 582 ($7.49). Genuit Group shares last traded at GBX 567 ($7.30), with a volume of 261,641 shares changing hands.

Genuit Group Price Performance

The business has a 50-day simple moving average of GBX 567 and a 200 day simple moving average of GBX 567. The firm has a market cap of £1.40 billion and a P/E ratio of 67.50. The company has a debt-to-equity ratio of 14.33, a quick ratio of 0.89 and a current ratio of 1.33.

About Genuit Group

(Get Free Report)

Polypipe Group plc manufactures and sells plastic piping, and water and climate management systems in the United Kingdom, other European countries, and internationally. The company operates through two segments, Residential Systems, and Commercial and Infrastructure Systems. It offers above and below ground drainage, and rainwater drainage systems; plumbing tools and accessories, plastic plumbing fittings, and plumbing and heating pipes; underfloor heating products; and ventilation systems.

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