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Banco Santander (LON:BNC) Shares Cross Above Fifty Day Moving Average - Here's Why

Banco Santander logo with Financial Services background

Banco Santander, S.A. (LON:BNC - Get Free Report)'s share price passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 550.88 ($7.40) and traded as high as GBX 589 ($7.91). Banco Santander shares last traded at GBX 578 ($7.76), with a volume of 141,443 shares traded.

Banco Santander Stock Down 2.8%

The firm has a market cap of £107.93 billion, a P/E ratio of 9.21, a P/E/G ratio of 2.18 and a beta of 1.32. The company's 50 day simple moving average is GBX 556.10 and its 200-day simple moving average is GBX 482.24.

About Banco Santander

(Get Free Report)

Banco Santander, SA provides various financial services worldwide. The company operates through Retail Banking, Santander Corporate & Investment Banking, Wealth Management & Insurance, and PagoNxt segments. It offers demand and time deposits, mutual funds, and current and savings accounts; mortgages, consumer finance, loans, and various financing solutions; and project finance, debt capital markets, global transaction banking, and corporate finance services.

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