Metro Bank (LON:MTRO) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Metro Bank Holdings PLC (LON:MTRO) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 94.91 ($1.23) and traded as low as GBX 89.80 ($1.16). Metro Bank shares last traded at GBX 89.90 ($1.17), with a volume of 23,201,268 shares traded.

Metro Bank Price Performance

The firm has a market capitalization of £624.95 million, a PE ratio of -25.55 and a beta of 2.33. The stock has a 50-day moving average price of GBX 94.94 and a 200-day moving average price of GBX 86.16.

Metro Bank (LON:MTRO) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 6.30 ($0.08) earnings per share for the quarter. Metro Bank had a negative return on equity of 2.18% and a negative net margin of 3.30%. As a group, equities research analysts predict that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, insider Marc Page acquired 31,516 shares of the business’s stock in a transaction dated Monday, March 3rd. The stock was bought at an average price of GBX 81 ($1.05) per share, for a total transaction of £25,527.96 ($33,101.61). Also, insider Paul Coby acquired 22,480 shares of the business’s stock in a transaction dated Monday, March 10th. The shares were bought at an average price of GBX 87 ($1.13) per share, with a total value of £19,557.60 ($25,359.96). 58.30% of the stock is currently owned by insiders.

Metro Bank Company Profile

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.