National Grid (LON:NG) Stock Price Up 0.5% – Time to Buy?

National Grid plc (LON:NG)’s share price rose 0.5% on Thursday . The stock traded as high as GBX 1,039 ($14.11) and last traded at GBX 1,036.50 ($14.08). Approximately 4,959,600 shares changed hands during trading, The stock had previously closed at GBX 1,031.50 ($14.01).

National Grid Stock Performance

The company has a 50-day simple moving average of GBX 1,048.53 and a two-hundred day simple moving average of GBX 1,034.56. The company has a debt-to-equity ratio of 157.61, a quick ratio of 0.34 and a current ratio of 0.91. The firm has a market capitalization of £50.96 billion, a P/E ratio of 17.05, a PEG ratio of 2.06 and a beta of 0.25.

Insider Activity at National Grid

In other National Grid news, insider Andrew Agg sold 93,376 shares of the business’s stock in a transaction on Tuesday, July 1st. The shares were sold at an average price of GBX 1,078, for a total transaction of £1,006,593.28. Also, insider John Pettigrew sold 165,530 shares of the business’s stock in a transaction dated Tuesday, July 1st. The shares were sold at an average price of GBX 1,078, for a total value of £1,784,413.40. Insiders purchased a total of 58 shares of company stock worth $60,233 over the last ninety days. 0.18% of the stock is currently owned by insiders.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.