Coral Products (LON:CRU) Trading 21% Higher – Still a Buy?

Coral Products PLC (LON:CRU)’s stock price traded up 21% during mid-day trading on Thursday . The stock traded as high as GBX 6.96 ($0.09) and last traded at GBX 6.96 ($0.09). 458,119 shares changed hands during trading, an increase of 294% from the average session volume of 116,389 shares. The stock had previously closed at GBX 5.75 ($0.07).

Coral Products Price Performance

The firm has a 50 day moving average of GBX 6.05 and a 200-day moving average of GBX 7.23. The company has a current ratio of 1.19, a quick ratio of 0.74 and a debt-to-equity ratio of 93.25. The company has a market cap of £6.37 million, a P/E ratio of -7.01 and a beta of 0.64.

Coral Products (LON:CRU) last released its quarterly earnings data on Monday, January 27th. The company reported GBX (0.35) ($0.00) earnings per share (EPS) for the quarter. Coral Products had a negative net margin of 2.95% and a negative return on equity of 6.84%. On average, equities research analysts predict that Coral Products PLC will post 0.9733456 EPS for the current year.

Insiders Place Their Bets

In other news, insider Joseph (Joe) Grimmond acquired 15,000 shares of Coral Products stock in a transaction on Thursday, February 20th. The shares were acquired at an average price of GBX 6 ($0.08) per share, with a total value of £900 ($1,162.04). Also, insider Paul Rice bought 93,672 shares of the stock in a transaction dated Tuesday, February 25th. The shares were purchased at an average price of GBX 6 ($0.08) per share, with a total value of £5,620.32 ($7,256.71). Insiders have purchased a total of 183,672 shares of company stock worth $1,102,032 in the last 90 days. 39.93% of the stock is currently owned by corporate insiders.

About Coral Products

Coral Products PLC is a manufacturer and distributor of plastic products within a wide range of sectors.
The Group has operations in the UK with manufacturing facilities in Wythenshawe and Denton, Greater Manchester and a distribution facility in Hyde, Greater Manchester.