BlackRock Throgmorton Trust (LON:THRG) Share Price Crosses Above 50-Day Moving Average - What's Next?

Key Points

• BlackRock Throgmorton Trust shares have crossed above their 50-day moving average of GBX 588.07 ($7.77), reaching a high of GBX 604 ($7.98) during trading.
• The trust has a market capitalization of £481.63 million and a PE ratio of 6.27, indicating potential for long-term capital growth.
• Investments primarily target UK smaller and mid-capitalization companies listed on the London Stock Exchange.

BlackRock Throgmorton Trust (LON:THRG - Get Free Report) passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 588.07 ($7.82) and traded as high as GBX 604 ($8.03). BlackRock Throgmorton Trust shares last traded at GBX 601 ($7.99), with a volume of 401,843 shares.

BlackRock Throgmorton Trust Stock Performance

The company has a debt-to-equity ratio of 0.00, a quick ratio of 3.68 and a current ratio of 2.75. The stock has a market cap of £487.93 million, a P/E ratio of 6.35 and a beta of 1.20. The company's 50 day moving average price is GBX 588.99 and its 200-day moving average price is GBX 565.16.

BlackRock Throgmorton Trust (LON:THRG - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The investment trust reported GBX 8.44 ($0.11) earnings per share for the quarter. BlackRock Throgmorton Trust had a net margin of 92.84% and a return on equity of 14.49%.

BlackRock Throgmorton Trust Company Profile

The Company aims to provide shareholders with long-term capital growth and an attractive total return by investing primarily in UK smaller companies and mid-capitalisation companies traded on the London Stock Exchange.