Glenveagh Properties (LON:GLV) Trading Up 2.6% - Should You Buy?

Glenveagh Properties PLC (LON:GLV - Get Free Report)'s stock price was up 2.6% on Tuesday . The stock traded as high as GBX 1.89 ($0.03) and last traded at GBX 1.88 ($0.03). Approximately 2,669 shares changed hands during mid-day trading, a decline of 97% from the average daily volume of 81,759 shares. The stock had previously closed at GBX 1.84 ($0.02).

Glenveagh Properties Trading Up 0.8%

The company's fifty day moving average is GBX 1.78 and its two-hundred day moving average is GBX 1.64. The company has a debt-to-equity ratio of 17.86, a quick ratio of 1.59 and a current ratio of 6.27. The company has a market cap of £1.03 billion, a price-to-earnings ratio of 23.70 and a beta of 1.15.

Insiders Place Their Bets

In related news, insider Max Steinebach sold 1,148,555 shares of the stock in a transaction that occurred 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 ($2,716,646.69). In the last 90 days, insiders have sold 1,871,554 shares of company stock valued at $327,308,603. 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.