Grafton Group (LON:GFTU) Stock Price Passes Above Fifty Day Moving Average - Here's Why

Grafton Group plc (LON:GFTU - Get Free Report)'s share price passed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 963.85 ($12.02) and traded as high as GBX 965 ($12.04). Grafton Group shares last traded at GBX 955.70 ($11.92), with a volume of 128,829 shares trading hands.

Grafton Group Trading Down 2.9 %

The firm's fifty day simple moving average is GBX 962.05 and its 200 day simple moving average is GBX 1,000.24. The company has a debt-to-equity ratio of 37.66, a quick ratio of 1.56 and a current ratio of 2.21. The stock has a market capitalization of £1.85 billion, a P/E ratio of 1,118.34, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

Insider Buying and Selling at Grafton Group

In related news, insider David Arnold sold 30,000 shares of the firm's stock in a transaction on Monday, November 4th. The stock was sold at an average price of GBX 1,018 ($12.70), for a total transaction of £305,400 ($380,988.02). Company insiders own 11.45% of the company's stock.

Grafton Group Company Profile

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.