National Grid (LON:NG) Trading Down 0.4% - Time to Sell?

Shares of National Grid plc (LON:NG - Get Free Report) were down 0.4% during mid-day trading on Friday . The stock traded as low as GBX 1,032.50 ($13.94) and last traded at GBX 1,036 ($13.99). Approximately 6,021,500 shares changed hands during trading, The stock had previously closed at GBX 1,040.50 ($14.05).

National Grid Stock Down 0.1%

The business's 50 day moving average is GBX 1,049.25 and its 200 day moving average is GBX 991.96. The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61. The company has a market cap of £50.89 billion, a P/E ratio of 17.03, a P/E/G ratio of 2.06 and a beta of 0.25.

National Grid (LON:NG - Get Free Report) last released its quarterly earnings results on Thursday, May 15th. The company reported GBX 55.60 ($0.75) EPS for the quarter. National Grid had a return on equity of 7.72% and a net margin of 11.54%. As a group, equities analysts anticipate that National Grid plc will post 66.9851952 earnings per share for the current fiscal year.

About National Grid

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.