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Metro Bank (LON:MTRO) Stock Passes Below 50 Day Moving Average - Here's What Happened

Metro Bank logo with Financial Services background
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Metro Bank Holdings PLC (LON:MTRO - Get Free Report)'s stock price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 94.91 ($1.23) and traded as low as GBX 89.80 ($1.16). Metro Bank shares last traded at GBX 89.90 ($1.16), with a volume of 23,201,268 shares changing hands.

Metro Bank Trading Down 0.4 %

The firm has a market capitalization of £622.21 million, a price-to-earnings ratio of -25.44 and a beta of 2.33. The company's 50 day moving average is GBX 94.90 and its 200-day moving average is GBX 86.38.

Metro Bank (LON:MTRO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported GBX 6.30 ($0.08) earnings per share (EPS) for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. Research analysts expect that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insider Activity at Metro Bank

In related news, insider Marc Page purchased 31,516 shares of the stock in a transaction on Monday, March 3rd. The shares were purchased at an average cost of GBX 81 ($1.05) per share, with a total value of £25,527.96 ($32,960.57). Also, insider Paul Coby purchased 22,480 shares of the stock in a transaction on Monday, March 10th. The stock was bought at an average cost of GBX 87 ($1.12) per share, for a total transaction of £19,557.60 ($25,251.90). 58.30% of the stock is currently owned by company insiders.

About Metro Bank

(Get Free Report)

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.

Further Reading

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