Glenveagh Properties (LON:GLV) Shares Up 11.2% – Still a Buy?

Glenveagh Properties PLC (LON:GLV – Get Free Report)’s stock price was up 11.2% during trading on Tuesday. The stock traded as high as GBX 2.45 and last traded at GBX 2.45. Approximately 631 shares traded hands during mid-day trading, a decline of 99% from the average session volume of 86,339 shares. The stock had previously closed at GBX 2.20.

Glenveagh Properties Price Performance

The company has a market cap of £12.62 million, a PE ratio of 0.12 and a beta of 0.83. The firm’s 50-day moving average is GBX 2.39 and its 200-day moving average is GBX 2.25. The company has a quick ratio of 1.59, a current ratio of 6.08 and a debt-to-equity ratio of 63.01.

Insider Buying and Selling at Glenveagh Properties

In other news, insider Max Steinebach sold 20,633,680 shares of the stock in a transaction that occurred on Tuesday, September 15th. The stock was sold at an average price of GBX 223, for a total value of £46,013,106.40. Company insiders own 5.06% of the company’s stock.

About Glenveagh Properties

(Get Free Report)

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.

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