Forterra (LON:FORT) Shares Cross Below Fifty Day Moving Average – What’s Next?

Forterra plc (LON:FORT) shares passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 166.16 ($2.07) and traded as low as GBX 156.20 ($1.94). Forterra shares last traded at GBX 158.80 ($1.98), with a volume of 144,157 shares.

Forterra Stock Performance

The firm has a market cap of £329.38 million, a price-to-earnings ratio of 3,980.00, a price-to-earnings-growth ratio of 0.30 and a beta of 1.25. The firm’s 50 day moving average is GBX 166.16 and its 200-day moving average is GBX 174.34. The company has a debt-to-equity ratio of 62.10, a quick ratio of 0.82 and a current ratio of 1.79.

About Forterra

Forterra is a leading UK manufacturer of essential clay and concrete building products, with a unique combination of strong market positions in clay bricks, concrete blocks and precast concrete flooring. Our heritage dates back many decades and the durability, longevity and inherent sustainability of our products is evident in the construction of buildings that last for generations; wherever you are in Britain, you won’t be far from a building with a Forterra product within its fabric.

Our clay brick business combines our extensive secure mineral reserves with modern and efficient high-volume manufacturing processes to produce large quantities of extruded and soft mud bricks, primarily for the new build housing market.