Glenveagh Properties (LON:GLV) Reaches New 52-Week High - Time to Buy?

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.

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

Glenveagh Properties Stock Performance

The stock has a market capitalization of £1.07 billion, a P/E ratio of 24.44 and a beta of 1.15. The company has a 50-day moving average price of GBX 1.80 and a two-hundred day moving average price of GBX 1.66. The company has a current ratio of 6.27, a quick ratio of 1.59 and a debt-to-equity ratio of 17.86.

Insider Transactions at Glenveagh Properties

In other Glenveagh Properties news, insider Max Steinebach sold 1,148,555 shares of Glenveagh Properties stock in a transaction on Tuesday, June 24th. The shares were sold at an average price of GBX 176 ($2.37), for a total value of £2,021,456.80 ($2,718,473.37). Insiders have sold 1,871,554 shares of company stock worth $327,308,603 over the last 90 days. 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.