Arbuthnot Banking Group (LON:ARBB) Stock Price Passes Below Two Hundred Day Moving Average – Should You Sell?

Arbuthnot Banking Group PLC (LON:ARBB)’s stock price crossed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 922.40 ($11.43) and traded as low as GBX 896 ($11.10). Arbuthnot Banking Group shares last traded at GBX 896 ($11.10), with a volume of 8,500 shares trading hands.

Wall Street Analyst Weigh In

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Arbuthnot Banking Group in a research note on Thursday, December 19th.

Arbuthnot Banking Group Price Performance

The firm’s 50 day moving average price is GBX 894.45 and its 200 day moving average price is GBX 921.56. The stock has a market capitalization of £146.52 million, a P/E ratio of 481.38, a P/E/G ratio of 0.38 and a beta of 1.00.

Insider Transactions at Arbuthnot Banking Group

In other Arbuthnot Banking Group news, insider Henry Angest purchased 116,000 shares of the stock in a transaction that occurred on Monday, November 25th. The stock was bought at an average cost of GBX 900 ($11.15) per share, with a total value of £1,044,000 ($1,293,840.62). Corporate insiders own 64.32% of the company’s stock.

About Arbuthnot Banking Group

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.