Pittards (LON:PTD) Stock Crosses Above 50-Day Moving Average of $69.23

Shares of Pittards plc (LON:PTD) passed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of $69.23 and traded as high as $75.25. Pittards shares last traded at $74.00, with a volume of 15,000 shares changing hands.

The company’s fifty day moving average price is GBX 69.65. The stock has a market cap of $10.26 million and a P/E ratio of -5.32. The company has a current ratio of 1.67, a quick ratio of 0.28 and a debt-to-equity ratio of 44.91.

In related news, insider Godfrey Pawle Davis purchased 10,000 shares of Pittards stock in a transaction that occurred on Friday, April 26th. The stock was bought at an average price of GBX 62 ($0.81) per share, for a total transaction of £6,200 ($8,101.40). Also, insider Reg H. Hankey purchased 7,000 shares of Pittards stock in a transaction that occurred on Tuesday, May 7th. The shares were bought at an average price of GBX 65 ($0.85) per share, with a total value of £4,550 ($5,945.38). In the last quarter, insiders bought 40,406 shares of company stock valued at $2,745,450.

About Pittards (LON:PTD)

Pittards plc designs, produces, procures, and sells leather to manufacturers and distributors of shoes, gloves, luxury leather goods, interiors, and sports equipment in the United Kingdom, Europe, North America, the Far East, and internationally. It is also involved in the production and retail of leather, leather goods, leather garments, shoes, and leather gloves; and provision of consultancy and other related services to the leather industry.

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