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Glenveagh Properties (LON:GLV) Hits New 1-Year High - Here's What Happened

Glenveagh Properties logo with Consumer Cyclical background

Key Points

  • Glenveagh Properties PLC reached a new 12-month high of GBX 1.90 ($0.03) during trading, showing a recent increase of 2.5% from its previous close of GBX 1.85 ($0.02).
  • Insider Max Steinebach sold 694,967 shares at an average price of GBX 173 ($2.30), contributing to a total of 1,871,554 shares sold by insiders in the last ninety days, worth over $327 million.
  • With a market capitalization of £1.05 billion, significant financial metrics include a PE ratio of 24.10 and a debt-to-equity ratio of 17.86, indicating strong financial health.
  • Looking to export and analyze Glenveagh Properties data? Unlock 5 Weeks of MarketBeat All Access for Just $5. Claim Your Limited-Time Discount.

Glenveagh Properties PLC (LON:GLV - Get Free Report)'s share price reached a new 52-week high during trading on Tuesday . The company traded as high as GBX 1.90 ($0.03) and last traded at GBX 1.89 ($0.03), with a volume of 53001 shares. The stock had previously closed at GBX 1.85 ($0.02).

Glenveagh Properties Stock Performance

The stock's 50 day moving average price is GBX 1.80 and its 200 day moving average price is GBX 1.67. The company has a current ratio of 6.27, a quick ratio of 1.59 and a debt-to-equity ratio of 17.86. The company has a market capitalization of £1.07 billion, a price-to-earnings ratio of 24.44 and a beta of 1.15.

Insider Activity at Glenveagh Properties

In other news, insider Max Steinebach sold 1,148,555 shares of the stock in a transaction dated Tuesday, June 24th. The shares were sold at an average price of GBX 176 ($2.37), for a total transaction of £2,021,456.80 ($2,718,839.00). In the last three months, insiders have sold 1,871,554 shares of company stock worth $327,308,603. Corporate insiders own 5.84% of the company's stock.

About Glenveagh Properties

(Get Free Report)

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.

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