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Secure Trust Bank (LON:STB) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Secure Trust Bank logo with Financial Services background

Secure Trust Bank PLC (LON:STB - Get Free Report) passed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 737.31 ($9.31) and traded as low as GBX 354.89 ($4.48). Secure Trust Bank shares last traded at GBX 358 ($4.52), with a volume of 101,478 shares trading hands.

Analysts Set New Price Targets

Separately, Shore Capital reaffirmed a "house stock" rating on shares of Secure Trust Bank in a report on Wednesday, October 16th.

Read Our Latest Analysis on Secure Trust Bank

Secure Trust Bank Price Performance

The company has a market capitalization of £67.11 million, a P/E ratio of 263.80, a price-to-earnings-growth ratio of 0.11 and a beta of 0.87. The firm's 50-day moving average is GBX 558.50 and its 200-day moving average is GBX 734.35.

Insider Transactions at Secure Trust Bank

In other news, insider Rachel Lawrence purchased 4,094 shares of the stock in a transaction on Friday, November 1st. The shares were acquired at an average price of GBX 486 ($6.13) per share, with a total value of £19,896.84 ($25,112.76). 14.85% of the stock is currently owned by company insiders.

Secure Trust Bank Company Profile

(Get Free Report)

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.

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