Gresham House Energy Storage (LON:GRID) Trading 1.9% Higher – Here’s What Happened

Gresham House Energy Storage (LON:GRID) shares traded up 1.9% during trading on Tuesday . The company traded as high as GBX 76 and last traded at GBX 75.40. 208,152 shares were traded during mid-day trading, a decline of 55% from the average session volume of 467,180 shares. The stock had previously closed at GBX 74.

Gresham House Energy Storage Trading Down 0.3%

The firm has a market cap of £419.97 million, a PE ratio of 18.00 and a beta of 0.01. The business has a fifty day moving average price of GBX 74.72 and a 200 day moving average price of GBX 75.77.

Gresham House Energy Storage (LON:GRID) last released its quarterly earnings data on Tuesday, April 21st. The company reported GBX (1.15) EPS for the quarter. The business had revenue of GBX 71 million during the quarter. Gresham House Energy Storage had a net margin of 90.03% and a return on equity of 3.71%. On average, research analysts expect that Gresham House Energy Storage will post 9.5149254 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, insider David Stevenson purchased 12,894 shares of the company’s stock in a transaction that occurred on Friday, March 20th. The shares were purchased at an average price of GBX 77 per share, for a total transaction of £9,928.38. Also, insider Duncan Neale sold 13,500 shares of the firm’s stock in a transaction that occurred on Thursday, March 19th. The stock was sold at an average price of GBX 75, for a total value of £10,125. 0.09% of the stock is currently owned by company insiders.

About Gresham House Energy Storage

Gresham House Energy Storage Fund plc (GRID or the Fund) seeks to capitalise on the growing intraday supply and demand imbalances caused by Great Britain’s ever increasing reliance on renewable energy. The Fund aims to provide investors with an attractive and sustainable dividend by investing in a portfolio of utility-scale Battery Energy Storage Systems (BESS) located in Great Britain, which primarily use batteries to import and export power, accessing multiple revenue sources available in the power market.

Gresham House Asset Management Limited (GHAM), is the investment Manager for Gresham House Energy Storage Fund plc.