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

Glanbia plc (LON:GLB) shares hit a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 24.20 and last traded at GBX 24.07, with a volume of 38044 shares traded. The stock had previously closed at GBX 23.94.

Glanbia Trading Up 0.5%

The company has a debt-to-equity ratio of 58.40, a current ratio of 1.36 and a quick ratio of 0.85. The business’s fifty day simple moving average is GBX 20.42 and its 200 day simple moving average is GBX 17.66. The stock has a market cap of £58.17 million, a price-to-earnings ratio of 0.33, a P/E/G ratio of 8.32 and a beta of 0.52.

Insiders Place Their Bets

In other Glanbia news, insider Hugh McGuire sold 43,956 shares of the firm’s stock in a transaction dated Wednesday, May 20th. The shares were sold at an average price of GBX 2,061, for a total value of £905,933.16. 1.29% of the stock is currently owned by company insiders.

About Glanbia

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.