Glanbia (LON:GLB) Reaches New 52-Week High – Time to Buy?

Shares of Glanbia plc (LON:GLBGet Free Report) reached a new 52-week high on Wednesday . The company traded as high as GBX 21.20 and last traded at GBX 20.94, with a volume of 13717 shares trading hands. The stock had previously closed at GBX 20.74.

Glanbia Stock Performance

The company has a quick ratio of 0.86, a current ratio of 1.36 and a debt-to-equity ratio of 62.98. The stock has a 50 day simple moving average of GBX 18.05 and a two-hundred day simple moving average of GBX 16.39. The stock has a market capitalization of £49.06 million, a P/E ratio of 0.28, a P/E/G ratio of 8.32 and a beta of 0.53.

Insider Buying and Selling

In other Glanbia news, insider Mark Garvey sold 21,151 shares of the firm’s stock in a transaction that occurred on Friday, February 27th. The stock was sold at an average price of GBX 1,728, for a total value of £365,489.28. Also, insider Hugh McGuire sold 43,956 shares of the firm’s stock in a transaction that occurred on Wednesday, May 20th. The shares were sold at an average price of GBX 2,061, for a total value of £905,933.16. 1.26% of the stock is owned by company insiders.

About Glanbia

(Get Free Report)

We are a better nutrition company, home to consumer brands and ingredients that help people around the world feel strong, nourished, and to perform well at any age. Everything we do has real nutritional benefit. Everything we do is in pursuit of better, for each other and the planet.

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