Drax Group plc (LON:DRX - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 617.48 ($8.38) and traded as high as GBX 667.66 ($9.07). Drax Group shares last traded at GBX 664.26 ($9.02), with a volume of 883,083 shares trading hands.
Drax Group Price Performance
The company has a debt-to-equity ratio of 64.11, a current ratio of 1.26 and a quick ratio of 0.32. The stock has a market cap of £2.44 billion, a price-to-earnings ratio of 3.94, a price-to-earnings-growth ratio of 0.10 and a beta of 1.22. The business's 50-day simple moving average is GBX 614.38 and its two-hundred day simple moving average is GBX 617.39.
Insider Transactions at Drax Group
In other news, insider Will Gardiner sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 660 ($8.96), for a total transaction of £990,000 ($1,344,195.52). Insiders own 0.67% of the company's stock.
About Drax Group
(
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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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