Grainger (LON:GRI) Share Price Passes Above 200 Day Moving Average - Time to Sell?

Grainger plc (LON:GRI - Get Free Report) crossed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 217.50 ($2.90) and traded as high as GBX 218.50 ($2.92). Grainger shares last traded at GBX 214.25 ($2.86), with a volume of 1,874,495 shares trading hands.

Grainger Price Performance

The stock has a market cap of £1.60 billion, a price-to-earnings ratio of -1,443.33, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. 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 company has a 50-day simple moving average of GBX 205.34 and a two-hundred day simple moving average of GBX 216.64.

Grainger Increases Dividend

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

Insider Activity

In other news, insider Robert Hudson bought 72 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were bought at an average price of GBX 7,200 ($96.14) per share, for a total transaction of £5,184 ($6,922.15). Insiders own 1.92% of the company's stock.

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.