Gresham House Energy Storage (LON:GRID) Stock Price Up 0.1% – Here’s What Happened

Gresham House Energy Storage (LON:GRID) rose 0.1% during mid-day trading on Friday . The stock traded as high as GBX 73.80 and last traded at GBX 73.50. Approximately 1,709,310 shares were traded during trading, an increase of 41% from the average daily volume of 1,213,891 shares. The stock had previously closed at GBX 73.40.

Wall Street Analyst Weigh In

Separately, Royal Bank Of Canada increased their price target on shares of Gresham House Energy Storage from GBX 7,000 to GBX 7,500 and gave the company a “sector perform” rating in a report on Tuesday, August 19th. One investment analyst has rated the stock with a Hold rating, Based on data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of GBX 7,500.

Gresham House Energy Storage Stock Up 0.1%

The firm’s 50 day simple moving average is GBX 71.19 and its 200 day simple moving average is GBX 72.97. The company has a market capitalization of £418.26 million, a PE ratio of -52.13 and a beta of 0.26.

Gresham House Energy Storage (LON:GRID) last announced its earnings results on Wednesday, September 24th. The company reported GBX (0.54) earnings per share for the quarter. Gresham House Energy Storage had a net margin of 105.20% and a negative return on equity of 28.90%. As a group, sell-side analysts predict that Gresham House Energy Storage will post 9.5149254 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, insider Andy Koss acquired 29,503 shares of the firm’s stock in a transaction on Wednesday, October 1st. The stock was acquired at an average price of GBX 67 per share, with a total value of £19,767.01. 0.09% of the stock is 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.