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

Grainger plc (LON:GRI - Get Free Report)'s stock price passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 217.50 ($2.89) and traded as high as GBX 218.50 ($2.90). Grainger shares last traded at GBX 214.25 ($2.85), with a volume of 1,874,495 shares.

Grainger Stock Up 0.7 %

The stock has a market cap of £1.61 billion, a price-to-earnings ratio of -1,456.67, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71. The firm's fifty day moving average price is GBX 204.82 and its two-hundred day moving average price is GBX 217.35. The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87.

Grainger Increases Dividend

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

Insider Activity

In related news, insider Robert Hudson purchased 72 shares of the business's stock in a transaction on Wednesday, April 2nd. The stock was acquired at an average price of GBX 7,200 ($95.66) per share, for a total transaction of £5,184 ($6,887.21). Corporate 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.

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