Glenveagh Properties (LON:GLV) Hits New 1-Year High - Still a Buy?

Key Points

• Glenveagh Properties reached a new 52-week high, trading at GBX 1.91 ($0.03) during mid-day trading, with a market capitalization of £1.04 billion.
• Insider Max Steinebach sold nearly 695,000 shares of the company for a total of approximately £1.2 million ($1.6 million) recently, highlighting significant insider activity.
• The company maintains a strong financial position with a current ratio of 6.27 and a low debt-to-equity ratio of 17.86.

Shares of Glenveagh Properties PLC (LON:GLV - Get Free Report) reached a new 52-week high during trading on Tuesday . The stock traded as high as GBX 1.91 ($0.03) and last traded at GBX 1.87 ($0.02), with a volume of 24242 shares traded. The stock had previously closed at GBX 1.85 ($0.02).

Glenveagh Properties Trading Up 0.2%

The company has a debt-to-equity ratio of 17.86, a current ratio of 6.27 and a quick ratio of 1.59. The stock has a market cap of £1.03 billion, a P/E ratio of 23.49 and a beta of 1.15. The stock's 50-day moving average is GBX 1.79 and its two-hundred day moving average is GBX 1.65.

Insider Activity at Glenveagh Properties

In other news, insider Max Steinebach sold 1,148,555 shares of Glenveagh Properties stock in a transaction dated Tuesday, June 24th. The stock was sold at an average price of GBX 176 ($2.34), for a total value of £2,021,456.80 ($2,683,112.29). Over the last ninety days, insiders have sold 1,871,554 shares of company stock worth $327,308,603. 5.84% of the stock is owned by corporate insiders.

Glenveagh Properties Company Profile

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock Exchange, is a leading Irish homebuilder. Supported by innovation and supply chain integration, Glenveagh are committed to opening access to sustainable high-quality homes to as many people as possible in flourishing communities across Ireland.