Genuit Group (LON:PLP) Trading Up 49,076.1% – What’s Next?

Genuit Group plc (LON:PLP)’s share price was up 49,076.1% on Wednesday . The company traded as high as GBX 582 ($7.35) and last traded at GBX 567 ($7.16). Approximately 261,641 shares were traded during trading, a decline of 52% from the average daily volume of 542,447 shares. The stock had previously closed at GBX 1.15 ($0.01).

Genuit Group Stock Up 49,076.1 %

The company’s 50 day simple moving average is GBX 567 and its 200-day simple moving average is GBX 567. The firm has a market capitalization of £1.40 billion and a PE ratio of 67.50. The company has a debt-to-equity ratio of 14.33, a quick ratio of 0.89 and a current ratio of 1.33.

About Genuit Group

Polypipe Group plc manufactures and sells plastic piping, and water and climate management systems in the United Kingdom, other European countries, and internationally. The company operates through two segments, Residential Systems, and Commercial and Infrastructure Systems. It offers above and below ground drainage, and rainwater drainage systems; plumbing tools and accessories, plastic plumbing fittings, and plumbing and heating pipes; underfloor heating products; and ventilation systems.