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Metro Bank (LON:MTRO) Share Price Passes Below 50 Day Moving Average - Should You Sell?

Metro Bank logo with Financial Services background

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 94.84 ($1.17) and traded as low as GBX 92.40 ($1.14). Metro Bank shares last traded at GBX 92.50 ($1.14), with a volume of 598,680 shares changing hands.

Metro Bank Price Performance

The firm has a market capitalization of £648.61 million, a P/E ratio of 4,820.00 and a beta of 2.33. The firm's 50 day moving average is GBX 94.77 and its two-hundred day moving average is GBX 73.16.

Insider Activity

In other news, insider Robert Sharpe sold 29,000 shares of Metro Bank stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of GBX 94 ($1.16), for a total transaction of £27,260 ($33,670.95). 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.

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