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

Grainger logo with Real Estate background

Grainger plc (LON:GRI - Get Free Report)'s share price crossed above its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 213.86 ($2.90) and traded as high as GBX 220 ($2.98). Grainger shares last traded at GBX 217.02 ($2.94), with a volume of 713,577 shares changing hands.

Grainger Price Performance

The company has a debt-to-equity ratio of 84.49, a current ratio of 4.49 and a quick ratio of 0.87. The firm has a 50-day simple moving average of GBX 216.40 and a 200 day simple moving average of GBX 213.53. The firm has a market cap of £1.62 billion, a PE ratio of -1,460.87, a price-to-earnings-growth ratio of 1.51 and a beta of 0.71.

Grainger (LON:GRI - Get Free Report) last released its quarterly earnings data 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, equities analysts expect that Grainger plc will post 10.4590732 EPS for the current year.

Insider Buying and Selling at Grainger

In related news, insider Helen Gordon sold 159,599 shares of the business's stock in a transaction that occurred on Wednesday, June 4th. The stock was sold at an average price of GBX 215 ($2.91), for a total transaction of £343,137.85 ($464,578.73). Also, insider Robert Hudson acquired 72 shares of the business's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of GBX 7,200 ($97.48) per share, with a total value of £5,184 ($7,018.68). Insiders bought a total of 277 shares of company stock worth $563,295 in the last three months. 1.92% of the stock is currently owned by company insiders.

Grainger Company Profile

(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.

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