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
(
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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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