Drax Group plc (LON:DRX - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 617.75 ($8.36) and traded as high as GBX 664.50 ($9.00). Drax Group shares last traded at GBX 661.55 ($8.96), with a volume of 1,859,110 shares changing hands.
Drax Group Price Performance
The stock has a market capitalization of £2.48 billion, a price-to-earnings ratio of 4.02, 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 628.84 and its 200-day simple moving average is GBX 617.37. The company has a debt-to-equity ratio of 64.11, a quick ratio of 0.32 and a current ratio of 1.26.
Insider Transactions at Drax Group
In other news, insider Will Gardiner sold 150,000 shares of the company's stock in a transaction that occurred on Tuesday, June 3rd. The shares were sold at an average price of GBX 660 ($8.94), for a total value of £990,000 ($1,340,373.68). Company insiders own 0.67% of the company's stock.
Drax Group Company Profile
(
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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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