Free Trial

Drax Group (LON:DRX) Stock Price Crosses Above 200 Day Moving Average - Time to Sell?

Drax Group logo with Utilities background

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

(Get Free Report)

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.

Featured Stories

Should You Invest $1,000 in Drax Group Right Now?

Before you consider Drax Group, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Drax Group wasn't on the list.

While Drax Group currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

10 Stocks Set to Soar in Summer 2025 Cover

Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Summer 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Cheap Growth Stocks Set to Explode This Summer
The Next NVIDIA? Quantum Computing Stocks Set for Explosive Growth
5 Stocks to BUY NOW in July 2025

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines