Glenveagh Properties (LON:GLV) Hits New 52-Week High - Here's What Happened

Key Points

• Glenveagh Properties PLC shares hit a new 52-week high of GBX 1.94 ($0.03) during trading, following a previous close at GBX 1.92, with 11,988 shares exchanged.
• The company has a market capitalisation of £1.08 billion and reports a price-to-earnings ratio of 24.72, alongside a strong current ratio of 6.27.
• Insider Max Steinebach sold 694,967 shares recently, with total insider sales in the last ninety days reaching 1,871,554 shares valued at $327.3 million.

Shares of Glenveagh Properties PLC (LON:GLV - Get Free Report) reached a new 52-week high during trading on Monday . The company traded as high as GBX 1.94 ($0.03) and last traded at GBX 1.94 ($0.03), with a volume of 11988 shares changing hands. The stock had previously closed at GBX 1.92 ($0.03).

Glenveagh Properties Stock Down 0.4%

The company has a quick ratio of 1.59, a current ratio of 6.27 and a debt-to-equity ratio of 17.86. The company has a market capitalization of £1.08 billion, a PE ratio of 24.75 and a beta of 1.15. The business's 50 day simple moving average is GBX 1.81 and its 200 day simple moving average is GBX 1.67.

Insider Buying and Selling

In other news, insider Max Steinebach sold 694,967 shares of the stock in a transaction that occurred on Friday, June 27th. The shares were sold at an average price of GBX 173 ($2.34), for a total value of £1,202,292.91 ($1,623,184.70). Insiders have sold 1,871,554 shares of company stock worth $327,308,603 over the last ninety days. 5.84% of the stock is currently owned by corporate insiders.

About Glenveagh Properties

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.