Grafton Group (LON:GFTU) Shares Pass Below Two Hundred Day Moving Average – Here’s What Happened

Shares of Grafton Group plc (LON:GFTU) passed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 994.54 ($12.38) and traded as low as GBX 907 ($11.29). Grafton Group shares last traded at GBX 912.80 ($11.36), with a volume of 87,034 shares.

Grafton Group Stock Performance

The company has a market capitalization of £1.82 billion, a price-to-earnings ratio of 1,099.76, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60. The firm has a fifty day simple moving average of GBX 932.63 and a 200 day simple moving average of GBX 994.54. The company has a debt-to-equity ratio of 37.66, a current ratio of 2.21 and a quick ratio of 1.56.

Insider Activity

In other Grafton Group news, insider David Arnold sold 30,000 shares of the stock in a transaction that occurred on Monday, November 4th. The stock was sold at an average price of GBX 1,018 ($12.67), for a total transaction of £305,400 ($380,229.08). Insiders own 11.45% of the company’s stock.

About Grafton Group

Grafton Group plc engages in the distribution, retailing, and manufacturing businesses in Ireland, the Netherlands, Finland, and the United Kingdom. Its Distribution segment distributes building materials, paint, tools, ironmongery, fixings, and accessories, workwear and PPE, and spare parts; materials and plant for mechanical services, heating, plumbing, and air movement; and trade, DIY, and self-build markets with building materials, timber, doors and floors, plumbing and heating, bathrooms, and landscaping products under the Selco, Leyland SDM, Chadwicks, MacBlair, Isero, Polvo, Gunters en Meuser, TG Lynes, and IKH brands.