Grafton Group (LON:GFTU) Trading Down 7.3% - Time to Sell?

Grafton Group plc (LON:GFTU - Get Free Report)'s share price dropped 7.3% during mid-day trading on Thursday . The stock traded as low as GBX 915 ($12.43) and last traded at GBX 922.51 ($12.53). Approximately 3,073,630 shares were traded during mid-day trading, an increase of 358% from the average daily volume of 671,104 shares. The stock had previously closed at GBX 995 ($13.52).

Grafton Group Price Performance

The firm's fifty day simple moving average is GBX 996.04 and its 200-day simple moving average is GBX 925.45. The firm has a market capitalization of £1.84 billion, a PE ratio of 14.34, a PEG ratio of 1.58 and a beta of 1.60. The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66.

Insider Transactions at Grafton Group

In related news, insider David Arnold purchased 2,867 shares of Grafton Group stock in a transaction dated Friday, April 11th. The stock was purchased at an average cost of GBX 835 ($11.34) per share, for a total transaction of £23,939.45 ($32,522.01). Also, insider David Dillon purchased 5,000 shares of Grafton Group stock in a transaction dated Monday, May 12th. The stock was bought at an average price of GBX 985 ($13.38) per share, with a total value of £49,250 ($66,906.67). Insiders purchased 21,567 shares of company stock worth $19,594,145 over the last three months. 11.45% of the stock is currently owned by company insiders.

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.