Grainger (LON:GRI) Stock Price Passes Above 200-Day Moving Average – Here’s Why

Grainger plc (LON:GRI) shares crossed above its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 213.86 ($2.88) and traded as high as GBX 220 ($2.96). Grainger shares last traded at GBX 217.02 ($2.92), with a volume of 713,577 shares trading hands.

Grainger Trading Up 0.9%

The firm has a 50 day simple moving average of GBX 216.01 and a 200 day simple moving average of GBX 213.86. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The firm has a market capitalization of £1.62 billion, a PE ratio of -1,460.00, a P/E/G ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI) last released its quarterly earnings results on Thursday, May 15th. The company reported GBX 7.50 ($0.10) earnings per share (EPS) for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. Equities analysts expect that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Insider Activity

In other Grainger news, insider Helen Gordon sold 159,599 shares of the business’s stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of GBX 215 ($2.90), for a total transaction of £343,137.85 ($462,076.29). Also, insider Robert Hudson acquired 72 shares of Grainger stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of GBX 7,200 ($96.96) per share, for a total transaction of £5,184 ($6,980.88). Insiders have acquired 277 shares of company stock worth $563,295 over the last ninety days. Corporate insiders own 1.92% of the company’s stock.

About Grainger

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.