National Grid (LON:NG) Stock Price Up 2.9% – Time to Buy?

National Grid plc (LON:NG)’s stock price traded up 2.9% during trading on Monday . The stock traded as high as GBX 1,012 ($13.07) and last traded at GBX 1,009.50 ($13.04). 9,240,070 shares changed hands during mid-day trading, The stock had previously closed at GBX 981.40 ($12.68).

National Grid Stock Performance

The company has a quick ratio of 0.34, a current ratio of 0.91 and a debt-to-equity ratio of 157.61. The stock has a market capitalization of £49.56 billion, a price-to-earnings ratio of 16.59, a price-to-earnings-growth ratio of 2.06 and a beta of 0.25. The stock’s 50-day simple moving average is GBX 967.46 and its 200 day simple moving average is GBX 977.27.

Insider Activity

In related news, insider Paula Rosput Reynolds purchased 46 shares of the stock in a transaction dated Wednesday, January 15th. The stock was bought at an average cost of GBX 984 ($12.71) per share, with a total value of £452.64 ($584.81). Insiders have bought 94 shares of company stock valued at $90,658 over the last 90 days. 0.18% of the stock is owned by company insiders.

National Grid Company Profile

National Grid plc transmits and distributes electricity and gas. It operates through UK Electricity Transmission, UK Electricity Distribution, UK Electricity System Operator, New England, New York, National Grid Ventures, and Other segments. The UK Electricity Transmission segment provides electricity transmission and construction work services in England and Wales.