Glenveagh Properties (LON:GLV) Sets New 12-Month High – Still a Buy?

Glenveagh Properties PLC (LON:GLV)’s share price hit a new 52-week high during trading on Monday . The stock traded as high as GBX 2.54 and last traded at GBX 2.49, with a volume of 144496 shares changing hands. The stock had previously closed at GBX 2.46.

Glenveagh Properties Stock Performance

The company has a market cap of £12.83 million, a PE ratio of 0.13 and a beta of 0.86. The company has a current ratio of 5.94, a quick ratio of 1.59 and a debt-to-equity ratio of 30.69. The firm’s 50-day simple moving average is GBX 2.24 and its two-hundred day simple moving average is GBX 2.09.

Insider Activity at Glenveagh Properties

In other news, insider Max Steinebach sold 12,000,000 shares of Glenveagh Properties stock in a transaction on Friday, May 8th. The shares were sold at an average price of GBX 215, for a total transaction of £25,800,000. Insiders own 5.06% of the company’s stock.

Glenveagh Properties Company Profile

Glenveagh Properties plc, listed on Euronext Dublin and the London Stock Exchange, is a leading Irish
homebuilder.
Supported by innovation and supply chain integration, Glenveagh are committed to opening access to sustainable high-quality homes to as many people as possible in flourishing communities across Ireland. We are focused on three core markets – suburban housing, urban apartments and partnerships with local authorities and state agencies.