Glanbia (LON:GLB) Stock Price Crosses Above Fifty 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 crossed above its fifty day moving average during trading on Thursday . The stock has a fifty 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.

Glanbia Stock Down 4.5%

The company's 50 day moving average price is GBX 12.72 and its 200 day moving average price is GBX 12.13. The company has a quick ratio of 0.86, a current ratio of 1.63 and a debt-to-equity ratio of 48.90. The firm has a market capitalization of £3.21 billion, a price-to-earnings ratio of 25.00, a P/E/G ratio of 8.32 and a beta of 0.47.

Insider Activity at Glanbia

In other Glanbia news, insider Thomas Phelan bought 1,558 shares of the firm's stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average cost of GBX 1,151 ($15.28) per share, for a total transaction of £17,932.58 ($23,811.69). Insiders own 30.55% of the company's stock.

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.