Grafton Group (LON:GFTU) Share Price Crosses Below Two Hundred Day Moving Average - Here's Why

Key Points

• Grafton Group's share price has dipped below its 200-day moving average of GBX 923.25, closing at GBX 892 ($11.86) recently.
• The company has a market capitalization of £1.76 billion and a price-to-earnings ratio of 13.70, indicating its current valuation metrics.
• Insider activity includes the purchase of 5,000 shares by David Dillon at an average price of GBX 985 ($13.09), demonstrating confidence from company insiders.

Grafton Group plc (LON:GFTU - Get Free Report) shares crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 923.25 ($12.42) and traded as low as GBX 880.10 ($11.84). Grafton Group shares last traded at GBX 892 ($12.00), with a volume of 252,732 shares changing hands.

Grafton Group Stock Performance

The company has a market cap of £1.73 billion, a P/E ratio of 13.51, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The company's 50-day moving average is GBX 958.95 and its two-hundred day moving average is GBX 922.42. The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66.

Insiders Place Their Bets

In related news, insider David Dillon purchased 5,000 shares of Grafton Group stock in a transaction that occurred on Monday, May 12th. The stock was bought at an average price of GBX 985 ($13.25) per share, for a total transaction of £49,250 ($66,240.75). Insiders own 11.45% of the company's stock.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.