National Grid (LON:NG) Shares Up 2.9% – Still a Buy?

Shares of National Grid plc (LON:NG) traded up 2.9% on Monday . The company traded as high as GBX 1,012 ($13.14) and last traded at GBX 1,009.50 ($13.11). 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’s 50 day moving average is GBX 968.33 and its 200 day moving average is GBX 977.08. The company has a current ratio of 0.91, a quick ratio of 0.34 and a debt-to-equity ratio of 157.61. The company has a market cap of £49.71 billion, a PE ratio of 16.64, a P/E/G ratio of 2.06 and a beta of 0.25.

Insider Activity at National Grid

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