Drax Group plc (LON:DRX – Get Free Report) shares crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 617.48 ($8.37) and traded as high as GBX 667.66 ($9.05). Drax Group shares last traded at GBX 664.26 ($9.00), with a volume of 883,083 shares.
Drax Group Trading Down 0.0%
The company has a market cap of £2.44 billion, a price-to-earnings ratio of 3.94, a PEG ratio of 0.10 and a beta of 1.22. The business’s 50-day simple moving average is GBX 609.92 and its 200-day simple moving average is GBX 617.48. The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32.
Insider Buying and Selling
In related news, insider Will Gardiner sold 150,000 shares of the stock in a transaction dated Tuesday, June 3rd. The shares were sold at an average price of GBX 660 ($8.95), for a total transaction of £990,000 ($1,342,008.95). 0.67% of the stock is owned by company insiders.
Drax Group Company Profile
Drax Group plc, together with its subsidiaries, engages in renewable power generation in the United Kingdom. It operates through three segments: Pellet Production, Generation, and Customers. The Pellet Production segment produces and sells biomass pellets. The Generation segment provides renewable, dispatchable power, and system support services to the electricity grid.
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