Metro Bank (LON:MTRO) Shares Cross Above 50 Day Moving Average – Here’s Why

Metro Bank Holdings PLC (LON:MTRO) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 87.32 ($1.10) and traded as high as GBX 95.90 ($1.20). Metro Bank shares last traded at GBX 95.80 ($1.20), with a volume of 305,389 shares.

Metro Bank Price Performance

The business’s 50-day moving average price is GBX 87.32 and its two-hundred day moving average price is GBX 64.92. The firm has a market cap of £644.57 million, a price-to-earnings ratio of 4,790.00 and a beta of 2.33.

Insider Buying and Selling at Metro Bank

In other Metro Bank news, insider Robert Sharpe sold 29,000 shares of the firm’s stock in a transaction dated Thursday, November 14th. The stock was sold at an average price of GBX 94 ($1.18), for a total value of £27,260 ($34,190.39). 58.30% of the stock is currently owned by insiders.

About Metro Bank

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.