Pantheon International (LON:PIN) Stock Price Crosses Above 200-Day Moving Average – Here’s Why

Pantheon International PLC (LON:PIN) shares passed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of GBX 377.91 and traded as high as GBX 392.50. Pantheon International shares last traded at GBX 390, with a volume of 8,267,968 shares.

Wall Street Analysts Forecast Growth

Separately, Jefferies Financial Group reaffirmed a “buy” rating on shares of Pantheon International in a report on Tuesday, May 12th. One investment analyst has rated the stock with a Buy rating, Based on data from MarketBeat.com, the company presently has an average rating of “Buy”.

Pantheon International Trading Down 0.3%

The firm has a market capitalization of £1.55 billion, a PE ratio of 47.49 and a beta of 0.82. The stock’s 50-day simple moving average is GBX 393.67 and its 200-day simple moving average is GBX 377.91. The company has a debt-to-equity ratio of 11.21, a quick ratio of 37.81 and a current ratio of 3.88.

Insider Activity

In related news, insider Tim Farazmand purchased 24,750 shares of the stock in a transaction dated Friday, May 29th. The stock was purchased at an average price of GBX 402 per share, with a total value of £99,495. Also, insider Candida Morley bought 23,999 shares of the firm’s stock in a transaction on Friday, May 29th. The stock was purchased at an average cost of GBX 402 per share, with a total value of £96,475.98. Insiders purchased 63,749 shares of company stock worth $25,612,098 over the last three months. 0.86% of the stock is currently owned by corporate insiders.

Pantheon International Company Profile

Pantheon International Plc (PIN) is an investment trust that provides investors with differentiated access to a global, diversified portfolio of private equity-backed companies through a flexible and active investment approach. Through its commitments to some of the world’s best private equity managers that might otherwise be inaccessible to individual investors, PIN makes the private, public.

Launched in 1987 and a constituent of the FTSE 250, PIN is a company of scale and one of the longest established private equity funds on the London Stock Exchange.