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Grainger (LON:GRI) Share Price Crosses Above 200-Day Moving Average - Here's What Happened

Grainger logo with Real Estate background

Grainger plc (LON:GRI - Get Free Report) shares passed above its two hundred day moving average during trading on Wednesday . The stock has a two hundred day moving average of GBX 214.59 ($2.92) and traded as high as GBX 218.50 ($2.97). Grainger shares last traded at GBX 216.50 ($2.95), with a volume of 1,013,648 shares traded.

Grainger Stock Performance

The company has a debt-to-equity ratio of 84.49, a quick ratio of 0.87 and a current ratio of 4.49. The business's 50-day moving average is GBX 212.88 and its 200 day moving average is GBX 214.59. The company has a market cap of £1.59 billion, a PE ratio of -1,436.67, a PEG ratio of 1.51 and a beta of 0.71.

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 return on equity of 0.06% and a negative net margin of 0.40%. On average, equities research analysts predict that Grainger plc will post 10.4590732 EPS for the current fiscal year.

Insider Buying and Selling

In related news, insider Helen Gordon sold 159,599 shares of the company's stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of GBX 215 ($2.93), for a total value of £343,137.85 ($467,172.02). Also, insider Robert Hudson acquired 72 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were purchased at an average cost of GBX 7,200 ($98.03) per share, for a total transaction of £5,184 ($7,057.86). Insiders have purchased 277 shares of company stock worth $563,295 in the last 90 days. Insiders own 1.92% of the company's stock.

About Grainger

(Get Free Report)

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.

Further Reading

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