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

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

Glenveagh Properties Stock Up 1.1%

The business has a fifty day moving average price of GBX 2.24 and a two-hundred day moving average price of GBX 2.09. The company has a debt-to-equity ratio of 30.69, a current ratio of 5.94 and a quick ratio of 1.59. The firm has a market capitalization of £12.83 million, a price-to-earnings ratio of 0.13 and a beta of 0.86.

Insider Buying and Selling

In related news, insider Max Steinebach sold 12,000,000 shares of the stock in a transaction that occurred on Friday, May 8th. The shares were sold at an average price of GBX 215, for a total value of £25,800,000. 5.06% of the stock is currently owned by corporate insiders.

About Glenveagh Properties

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.