National Grid (LON:NG) Shares Up 2.9% – Should You Buy?

National Grid plc (LON:NG)’s stock price rose 2.9% during mid-day trading on Monday . The company traded as high as GBX 1,012 ($13.14) and last traded at GBX 1,009.50 ($13.11). Approximately 9,240,070 shares changed hands during mid-day trading, The stock had previously closed at GBX 981.40 ($12.74).

National Grid Stock Up 0.3 %

The company has a debt-to-equity ratio of 157.61, a quick ratio of 0.34 and a current ratio of 0.91. The firm has a market capitalization of £49.71 billion, a PE ratio of 16.64, a PEG ratio of 2.06 and a beta of 0.25. The company has a fifty day moving average price of GBX 968.33 and a 200-day moving average price of GBX 977.08.

Insider Buying and Selling at National Grid

In related news, insider Paula Rosput Reynolds bought 46 shares of the company’s stock in a transaction dated Wednesday, January 15th. The stock was purchased at an average price of GBX 984 ($12.78) per share, for a total transaction of £452.64 ($587.77). Insiders acquired 94 shares of company stock worth $90,658 over the last 90 days. 0.18% of the stock is owned by 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.