Grainger (LON:GRI) Hits New 52-Week Low - Here's What Happened

Shares of Grainger plc (LON:GRI - Get Free Report) reached a new 52-week low during trading on Monday . The company traded as low as GBX 188 ($2.46) and last traded at GBX 189 ($2.47), with a volume of 5110323 shares. The stock had previously closed at GBX 197.80 ($2.59).

Grainger Stock Up 2.5 %

The firm has a market capitalization of £1.48 billion, a PE ratio of -1,333.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The company has a current ratio of 4.49, a quick ratio of 0.87 and a debt-to-equity ratio of 84.49. The firm has a 50-day moving average of GBX 205.09 and a two-hundred day moving average of GBX 220.11.

Grainger Increases Dividend

The company also recently disclosed a dividend, which was paid on Friday, February 21st. Stockholders of record on Thursday, January 16th were issued a GBX 5.01 ($0.07) dividend. This represents a dividend yield of 2.26%. This is an increase from Grainger's previous dividend of $2.54. The ex-dividend date of this dividend was Thursday, January 16th. Grainger's dividend payout ratio (DPR) is -4,666.67%.

Insider Activity

In other news, insider Helen Gordon sold 29,992 shares of the stock in a transaction on Tuesday, January 14th. The shares were sold at an average price of GBX 215 ($2.81), for a total value of £64,482.80 ($84,401.57). Also, insider Robert Hudson bought 72 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average cost of GBX 7,200 ($94.24) per share, for a total transaction of £5,184 ($6,785.34). Corporate insiders own 1.92% of the company's stock.

About Grainger

Founded in Newcastle upon Tyne in 1912, Grainger plc, a FTSE 250 business, is the UK's largest listed residential landlord and leader in the fast-growing build-to-rent sector, providing c.11,100 rental homes to over 20,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.5bn, Grainger is creating thousands more rental homes by investing in cities across the UK.