Arbuthnot Banking Group (LON:ARBB) Reaches New 52-Week Low - Here's What Happened

Arbuthnot Banking Group PLC (LON:ARBB - Get Free Report) reached a new 52-week low on Wednesday . The stock traded as low as GBX 830 ($10.16) and last traded at GBX 860 ($10.53), with a volume of 7040 shares trading hands. The stock had previously closed at GBX 870 ($10.65).

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Arbuthnot Banking Group in a report on Thursday, December 19th.

Arbuthnot Banking Group Trading Down 1.1 %

The firm has a market capitalization of £139.23 million, a P/E ratio of 457.45, a P/E/G ratio of 0.38 and a beta of 1.00. The stock has a 50 day simple moving average of GBX 901.43 and a 200-day simple moving average of GBX 932.61.

Insider Buying and Selling

In related news, insider Henry Angest bought 116,000 shares of the firm's stock in a transaction that occurred on Monday, November 25th. The shares were bought at an average cost of GBX 900 ($11.02) per share, with a total value of £1,044,000 ($1,277,845.78). 64.32% of the stock is currently owned by insiders.

About Arbuthnot Banking Group

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.