Temple Bar (LON:TMPL) Stock Price Passes Below 50-Day Moving Average – What’s Next?

Temple Bar (LON:TMPL) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 384.80 and traded as low as GBX 362. Temple Bar shares last traded at GBX 364, with a volume of 520,683 shares changing hands.

Temple Bar Trading Down 0.8%

The firm has a market capitalization of £1.08 billion, a PE ratio of 6.33 and a beta of 1.16. The business has a 50 day moving average price of GBX 384.80 and a 200-day moving average price of GBX 372.87.

Temple Bar (LON:TMPL) last posted its quarterly earnings results on Friday, March 20th. The company reported GBX 13.80 earnings per share (EPS) for the quarter. Temple Bar had a net margin of 82.15% and a return on equity of 27.93%.

About Temple Bar

Temple Bar’s investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies. The Trust is managed by Nick Purves and Ian lance of RWC Partners who have over fifty years of investment experience between them and have been working as a partnership for over thirteen years.