Henry Boot (LON:BOOT) Trading Down 2.3% - Here's What Happened

Key Points

• Henry Boot PLC's stock price fell 2.3% during mid-day trading, last recorded at GBX 214 ($2.88).
• Trading volume increased significantly by 1,280% compared to the average daily volume, with approximately 1,395,234 shares changing hands.
• The company has a market cap of £286.26 million and a high P/E ratio of 1,258.82, indicating potential overvaluation concerns.

Henry Boot PLC (LON:BOOT - Get Free Report)'s share price dropped 2.3% during mid-day trading on Friday . The stock traded as low as GBX 214 ($2.89) and last traded at GBX 214 ($2.89). Approximately 1,395,234 shares were traded during trading, an increase of 1,280% from the average daily volume of 101,099 shares. The stock had previously closed at GBX 219 ($2.96).

Henry Boot Trading Down 1.4%

The company has a debt-to-equity ratio of 29.17, a quick ratio of 0.84 and a current ratio of 2.14. The firm's fifty day simple moving average is GBX 224.67 and its 200-day simple moving average is GBX 219.13. The stock has a market cap of £290.27 million, a P/E ratio of 1,276.47, a price-to-earnings-growth ratio of -11.97 and a beta of 0.80.

Henry Boot (LON:BOOT - Get Free Report) last posted its quarterly earnings results on Tuesday, September 23rd. The company reported GBX 4.80 earnings per share (EPS) for the quarter. Henry Boot had a net margin of 3.96% and a return on equity of 2.79%. Equities research analysts expect that Henry Boot PLC will post 18.2106097 EPS for the current fiscal year.

About Henry Boot

Henry Boot is one of the UK's leading land, property development, home building and construction businesses - and we've been transforming land and spaces since 1886. Listed on the London Stock Exchange since 1919, we're renowned for quality, expertise, delivery and a partnership approach across the group - which comprises, Hallam Land, HBD, Stonebridge, Henry Boot Construction, Banner Plant and Road Link. Operating across the UK, and employing over 500 people, we focus on three key markets: urban development, industrial and logistics and residential.