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Drax Group (LON:DRX) Stock Crosses Above 200 Day Moving Average - Should You Sell?

Drax Group logo with Utilities background

Drax Group plc (LON:DRX - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 618.50 ($8.50) and traded as high as GBX 681 ($9.36). Drax Group shares last traded at GBX 676.82 ($9.30), with a volume of 1,304,922 shares changing hands.

Drax Group Stock Performance

The stock has a fifty day simple moving average of GBX 641.35 and a two-hundred day simple moving average of GBX 619.03. The company has a debt-to-equity ratio of 64.11, a quick ratio of 0.32 and a current ratio of 1.26. The stock has a market capitalization of £2.52 billion, a price-to-earnings ratio of 4.08, a P/E/G ratio of 0.10 and a beta of 1.22.

Insider Activity at Drax Group

In related news, insider Will Gardiner sold 150,000 shares of the firm's stock in a transaction that occurred on Tuesday, June 3rd. The stock was sold at an average price of GBX 660 ($9.07), for a total transaction of £990,000 ($1,360,450.74). 0.67% of the stock is currently owned by insiders.

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.

Further Reading

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