Grafton Group (LON:GFTU) Sets New 52-Week Low at $8.88

Grafton Group plc (LON:GFTU) hit a new 52-week low during mid-day trading on Friday . The stock traded as low as GBX 8.88 ($0.11) and last traded at GBX 888 ($11.19), with a volume of 3756979 shares changing hands. The stock had previously closed at GBX 862.50 ($10.87).

Grafton Group Price Performance

The firm has a market capitalization of £1.87 billion, a P/E ratio of 1,018.24, a P/E/G ratio of 1.58 and a beta of 1.55. The stock’s fifty day simple moving average is GBX 834.04 and its 200 day simple moving average is GBX 854.38. The company has a debt-to-equity ratio of 40.26, a current ratio of 2.73 and a quick ratio of 1.56.

Grafton Group Cuts Dividend

The company also recently announced a dividend, which will be paid on Friday, October 20th. Investors of record on Thursday, September 21st will be given a dividend of GBX 10 ($0.13) per share. The ex-dividend date is Thursday, September 21st. This represents a yield of 1.17%. Grafton Group’s payout ratio is 3,882.35%.

Insiders Place Their Bets

In other Grafton Group news, insider Paul Hampden Smith bought 6,291 shares of the company’s stock in a transaction that occurred on Wednesday, June 21st. The shares were purchased at an average cost of GBX 787 ($9.92) per share, for a total transaction of £49,510.17 ($62,410.40). Corporate insiders own 9.41% of the company’s stock.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building and plumbing materials to professional trades people engaged in residential repair, maintenance, and improvement projects, as well as in residential and other new build construction.