Grainger (LON:GRI) Share Price Crosses Above Two Hundred Day Moving Average - Time to Sell?

Grainger plc (LON:GRI - Get Free Report) crossed above its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 215.51 ($2.88) and traded as high as GBX 228.50 ($3.05). Grainger shares last traded at GBX 228 ($3.05), with a volume of 1,519,235 shares changing hands.

Grainger Stock Performance

The business's 50-day simple moving average is GBX 208.04 and its two-hundred day simple moving average is GBX 215.51. The firm has a market cap of £1.68 billion, a price-to-earnings ratio of -1,516.67, a P/E/G ratio of 1.51 and a beta of 0.71. The company has a quick ratio of 0.87, a current ratio of 4.49 and a debt-to-equity ratio of 84.49.

Grainger (LON:GRI - Get Free Report) last issued its quarterly earnings data on Thursday, May 15th. The company reported GBX 7.50 ($0.10) earnings per share for the quarter. Grainger had a negative net margin of 0.40% and a negative return on equity of 0.06%. As a group, sell-side analysts expect that Grainger plc will post 10.4590732 earnings per share for the current fiscal year.

Grainger Increases Dividend

The firm also recently disclosed a dividend, which was paid on Friday, February 21st. Investors of record on Thursday, January 16th were paid a dividend of GBX 5.01 ($0.07) per share. This represents a yield of 2.26%. The ex-dividend date was Thursday, January 16th. This is a boost from Grainger's previous dividend of $2.54. Grainger's dividend payout ratio is currently -4,666.67%.

Insider Activity at Grainger

In other news, insider Robert Hudson purchased 72 shares of the company's stock in a transaction dated Wednesday, April 2nd. The stock was acquired at an average price of GBX 7,200 ($96.17) per share, with a total value of £5,184 ($6,924.00). 1.92% of the stock is owned by corporate insiders.

Grainger Company Profile

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.

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