Grainger (LON:GRI) Sets New 12-Month Low – Here’s What Happened

Shares of Grainger plc (LON:GRIGet Free Report) hit a new 52-week low during trading on Friday . The company traded as low as GBX 118.30 ($1.59) and last traded at GBX 188.20 ($2.54), with a volume of 2008982 shares changing hands. The stock had previously closed at GBX 187.20 ($2.52).

Grainger Trading Up 1.6%

The stock’s fifty day simple moving average is GBX 195.34 and its two-hundred day simple moving average is GBX 205.98. The firm has a market cap of £1.40 billion, a PE ratio of 1,293.88, a PEG ratio of 1.51 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49.

About Grainger

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Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK’s largest listed residential landlord, a Real Estate Investment Trust (REIT) and a leader in the fast-growing build-to-rent sector, providing c.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.4,500 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.

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