Glanbia (LON:GLB) Reaches New 52-Week High – Here’s Why

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

Glanbia Trading Up 2.3%

The company has a debt-to-equity ratio of 62.98, a quick ratio of 0.86 and a current ratio of 1.36. The company has a 50 day simple moving average of GBX 18.22 and a two-hundred day simple moving average of GBX 16.51. The company has a market cap of £50.42 million, a PE ratio of 0.29, a PEG ratio of 8.32 and a beta of 0.53.

Insider Activity

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

Glanbia Company Profile

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.