National Grid (LON:NG) Trading Down 0.4% - Here's Why

National Grid plc (LON:NG - Get Free Report) shares dropped 0.4% during trading on Friday . The company traded as low as GBX 1,032.50 ($13.97) and last traded at GBX 1,036 ($14.02). Approximately 6,021,500 shares traded hands during mid-day trading, The stock had previously closed at GBX 1,040.50 ($14.08).

National Grid Stock Up 0.1%

The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 157.61. The firm has a market capitalization of £50.94 billion, a price-to-earnings ratio of 17.05, a PEG ratio of 2.06 and a beta of 0.25. The stock has a fifty day moving average of GBX 1,048.21 and a 200-day moving average of GBX 991.08.

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