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National Grid (LON:NG) Trading 2.9% Higher - Here's Why

National Grid logo with Utilities background

National Grid plc (LON:NG - Get Free Report)'s share price shot up 2.9% on Monday . The stock traded as high as GBX 1,012 ($13.05) and last traded at GBX 1,009.50 ($13.02). 9,240,070 shares changed hands during mid-day trading, The stock had previously closed at GBX 981.40 ($12.66).

National Grid Price Performance

The stock has a market capitalization of £51.70 billion, a price-to-earnings ratio of 17.30, a P/E/G ratio of 2.06 and a beta of 0.25. The company's 50-day simple moving average is GBX 971.60 and its 200-day simple moving average is GBX 977.60. The company has a debt-to-equity ratio of 157.61, a current ratio of 0.91 and a quick ratio of 0.34.

Insider Buying and Selling

In other National Grid news, insider Paula Rosput Reynolds purchased 46 shares of the stock in a transaction that occurred on Wednesday, January 15th. The shares were acquired at an average cost of GBX 984 ($12.69) per share, with a total value of £452.64 ($583.90). In the last ninety days, insiders bought 94 shares of company stock valued at $90,658. Insiders own 0.18% of the company's stock.

About National Grid

(Get Free Report)

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.

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