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Metro Bank (LON:MTRO) Shares Cross Above 50-Day Moving Average - Here's What Happened

Metro Bank logo with Financial Services background

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 91.04 ($1.21) and traded as high as GBX 92.60 ($1.23). Metro Bank shares last traded at GBX 90.60 ($1.20), with a volume of 407,503 shares trading hands.

Metro Bank Trading Up 1.8 %

The company has a market cap of £630.44 million, a PE ratio of -25.77 and a beta of 2.33. The business has a 50 day simple moving average of GBX 91.04 and a two-hundred day simple moving average of GBX 90.04.

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

Insider Buying and Selling

In other news, insider Paul Coby bought 22,480 shares of the business's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average cost of GBX 87 ($1.15) per share, with a total value of £19,557.60 ($25,914.40). Also, 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 ($1.07) per share, with a total value of £25,527.96 ($33,825.31). Corporate insiders own 58.30% of the company's stock.

Metro Bank Company Profile

(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

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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