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

Grainger plc (LON:GRI - Get Free Report) shares crossed above its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 216.34 ($2.87) and traded as high as GBX 218 ($2.89). Grainger shares last traded at GBX 217.50 ($2.89), with a volume of 1,817,952 shares traded.

Grainger Stock Performance

The firm has a 50 day moving average price of GBX 206.73 and a 200 day moving average price of GBX 215.88. The stock has a market cap of £1.62 billion, a PE ratio of -1,462.67, a price-to-earnings-growth 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 released its quarterly earnings results on Thursday, May 15th. The company reported GBX 7.50 ($0.10) EPS for the quarter. Grainger had a negative return on equity of 0.06% and a negative net margin of 0.40%. As a group, research analysts forecast that Grainger plc will post 10.4590732 earnings per share for the current year.

Grainger Increases Dividend

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

Insider Activity

In other news, insider Robert Hudson acquired 72 shares of the company's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average cost of GBX 7,200 ($95.52) per share, with a total value of £5,184 ($6,877.16). 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.