Glanbia (LON:GLB) Reaches New 12-Month High – What’s Next?

Glanbia plc (LON:GLB) reached a new 52-week high during mid-day trading on Wednesday . The stock traded as high as GBX 21.20 and last traded at GBX 20.86, with a volume of 241615 shares. The stock had previously closed at GBX 20.40.

Glanbia Trading Up 2.3%

The company has a fifty day simple moving average of GBX 18.22 and a 200-day simple moving average of GBX 16.51. The company has a current ratio of 1.36, a quick ratio of 0.86 and a debt-to-equity ratio of 62.98. The stock has a market cap of £50.42 million, a price-to-earnings ratio of 0.29, a P/E/G ratio of 8.32 and a beta of 0.53.

Insider Activity

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