Brunner (LON:BUT) Shares Cross Above Fifty Day Moving Average - Should You Sell?

Key Points

• Brunner's shares have surpassed the 50-day moving average of GBX 1,427.96, trading at GBX 1,446 ($19.60) during the latest session.
• The company reported a net margin of 94.54% and a return on equity of 18.49% for the last quarter.
• Insider James Sharp purchased 250 shares at GBX 1,432 each, indicating potential confidence in the company's prospects.

Brunner (LON:BUT - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,427.96 ($19.24) and traded as high as GBX 1,450 ($19.54). Brunner shares last traded at GBX 1,446 ($19.48), with a volume of 28,638 shares changing hands.

Brunner Price Performance

The stock has a market cap of £621.91 million, a P/E ratio of 3,692.86 and a beta of 0.67. The firm's 50-day moving average price is GBX 1,428.40 and its 200-day moving average price is GBX 1,371.19.

Brunner (LON:BUT - Get Free Report) last announced its quarterly earnings results on Wednesday, July 23rd. The investment trust reported GBX 17.30 earnings per share for the quarter. Brunner had a net margin of 94.54% and a return on equity of 18.49%.

Insiders Place Their Bets

In other Brunner news, insider James Sharp purchased 250 shares of Brunner stock in a transaction that occurred on Tuesday, September 2nd. The shares were bought at an average price of GBX 1,432 per share, for a total transaction of £3,580. Corporate insiders own 0.83% of the company's stock.

About Brunner

Brunner aims to provide its investors with both capital growth and growing dividends by investing in a portfolio of global equities. The Trust invests in companies all over the world, seeking out opportunities for growth and reliable dividends wherever they may be. Trust's performance is measured against the benchmark index (70% FTSE World ex-UK Index and 30% FTSE All-Share Index).