Grafton Group (LON:GFTU) Shares Down 7.3% - What's Next?

Grafton Group plc (LON:GFTU - Get Free Report)'s stock price was down 7.3% during mid-day trading on Thursday . The stock traded as low as GBX 915 ($12.34) and last traded at GBX 922.51 ($12.44). Approximately 3,073,630 shares traded hands during trading, an increase of 358% from the average daily volume of 671,104 shares. The stock had previously closed at GBX 995 ($13.42).

Grafton Group Price Performance

The firm has a 50 day moving average of GBX 995.93 and a 200-day moving average of GBX 924.56. The company has a current ratio of 2.21, a quick ratio of 1.56 and a debt-to-equity ratio of 37.66. The company has a market cap of £1.79 billion, a P/E ratio of 13.94, a P/E/G ratio of 1.58 and a beta of 1.60.

Insider Activity at Grafton Group

In related news, insider Eric Born acquired 13,700 shares of Grafton Group stock in a transaction dated Tuesday, April 15th. The shares were purchased at an average price of GBX 896 ($12.08) per share, for a total transaction of £122,752 ($165,545.52). Also, insider David Dillon bought 5,000 shares of the stock in a transaction dated Monday, May 12th. The stock was bought at an average cost of GBX 985 ($13.28) per share, for a total transaction of £49,250 ($66,419.42). Corporate insiders own 11.45% of the company's stock.

Grafton Group Company Profile

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.