Glanbia (LON:GLB) Stock Price Crosses Above 50-Day Moving Average - Here's Why

Key Points

• Glanbia plc shares crossed above their 50-day moving average, indicating potential bullish momentum as the stock traded as high as GBX 13.20 ($0.17).
• Insider Thomas Phelan purchased 1,558 shares at an average price of GBX 1,151 ($15.20), suggesting insider confidence in the company's future.
• Glanbia has a market capitalization of £3.34 billion and a debt-to-equity ratio of 48.90, reflecting its financial health and leverage.

Glanbia plc (LON:GLB - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 12.70 ($0.17) and traded as high as GBX 13.20 ($0.18). Glanbia shares last traded at GBX 12.89 ($0.17), with a volume of 7,141 shares traded.

Glanbia Stock Performance

The business's 50-day simple moving average is GBX 12.73 and its 200 day simple moving average is GBX 12.11. The firm has a market cap of £3.23 billion, a P/E ratio of 25.21, a P/E/G ratio of 8.32 and a beta of 0.47. The company has a debt-to-equity ratio of 48.90, a quick ratio of 0.86 and a current ratio of 1.63.

Insider Buying and Selling at Glanbia

In other Glanbia news, insider Thomas Phelan purchased 1,558 shares of the company's stock in a transaction dated Monday, May 12th. The shares were acquired at an average price of GBX 1,151 ($15.30) per share, for a total transaction of £17,932.58 ($23,833.84). 30.55% of the stock is owned by corporate insiders.

About Glanbia

We are a better nutrition company, home to consumer brands and ingredients that help people around the world feel strong, nourished, and to perform well at any age. Everything we do has real nutritional benefit. Everything we do is in pursuit of better, for each other and the planet.