Grainger (LON:GRI) Stock Passes Above 200 Day Moving Average - What's Next?

Key Points

• Grainger plc's stock has exceeded its 200-day moving average, with a recent trading high of GBX 211 ($2.84).
• The company reported a quarterly earnings per share of GBX 7.50 ($0.10) and has a negative return on equity of 0.06%.
• Insider Helen Gordon sold 159,599 shares for approximately £343,137.85 ($461,516.95) on June 4th.

Shares of Grainger plc (LON:GRI - Get Free Report) passed above its two hundred day moving average during trading on Friday . The stock has a two hundred day moving average of GBX 210.55 ($2.83) and traded as high as GBX 211 ($2.84). Grainger shares last traded at GBX 211 ($2.84), with a volume of 4,224,756 shares changing hands.

Grainger Trading Up 1.7%

The firm has a market cap of £1.56 billion, a PE ratio of -1,406.67, a P/E/G 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 business has a fifty day moving average price of GBX 212.03 and a 200 day moving average price of GBX 210.57.

Grainger (LON:GRI - Get Free Report) last announced its earnings results 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%. Analysts forecast that Grainger plc will post 10.4590732 EPS for the current year.

Insider Activity at Grainger

In related news, insider Helen Gordon sold 159,599 shares of the business's stock in a transaction dated Wednesday, June 4th. The stock was sold at an average price of GBX 215 ($2.89), for a total value of £343,137.85 ($461,330.80). Insiders bought a total of 273 shares of company stock worth $59,787 in the last 90 days. 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.11,000 rental homes to over 25,000 customers. With a pipeline of secured build-to-rent development projects totalling c.5,000 homes and £1.3bn, Grainger is creating thousands more rental homes by investing in cities across the UK.