Grafton Group (LON:GFTU) Stock Price Passes Below Two Hundred Day Moving Average – Here’s Why

Grafton Group plc (LON:GFTU) shares passed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 987.30 ($12.43) and traded as low as GBX 907.20 ($11.42). Grafton Group shares last traded at GBX 922.60 ($11.61), with a volume of 111,382 shares trading hands.

Grafton Group Price Performance

The firm has a 50 day simple moving average of GBX 926.12 and a 200-day simple moving average of GBX 987.08. The company has a quick ratio of 1.56, a current ratio of 2.21 and a debt-to-equity ratio of 37.66. The company has a market cap of £1.81 billion, a PE ratio of 14.15, a price-to-earnings-growth ratio of 1.58 and a beta of 1.60.

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.