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Metro Bank (LON:MTRO) Shares Pass Below 50 Day Moving Average - Here's Why

Metro Bank logo with Financial Services background

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 92.56 ($1.23) and traded as low as GBX 84.90 ($1.12). Metro Bank shares last traded at GBX 87.10 ($1.15), with a volume of 325,813 shares trading hands.

Metro Bank Stock Performance

The company has a market cap of £631.78 million, a P/E ratio of -25.83 and a beta of 2.33. The firm has a 50 day moving average price of GBX 91.91 and a two-hundred day moving average price of GBX 89.22.

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

Insider Activity

In related news, insider Paul Coby bought 22,480 shares of the 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 ($25,886.96). Also, insider Marc Page purchased 31,516 shares of the firm's stock in a transaction dated Monday, March 3rd. The stock was bought at an average cost of GBX 81 ($1.07) per share, for a total transaction of £25,527.96 ($33,789.49). Company insiders own 58.30% of the company's stock.

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.

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