Brunner (LON:BUT) Shares Cross Above 50-Day Moving Average - Time to Sell?

Key Points

• Brunner's shares have recently crossed above their 50-day moving average of GBX 1,425.63, trading at GBX 1,451.90 with a volume of 49,733 shares.
• The investment trust reported a net margin of 94.54% and a return on equity of 18.49% in its last earnings report on July 23rd.
• Insider James Sharp purchased 250 shares at an average cost of GBX 1,432, indicating confidence from company insiders who own 0.83% of the stock.

Shares of Brunner (LON:BUT - Get Free Report) passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 1,425.63 ($19.30) and traded as high as GBX 1,453.25 ($19.67). Brunner shares last traded at GBX 1,451.90 ($19.65), with a volume of 49,733 shares traded.

Brunner Price Performance

The stock's 50-day moving average price is GBX 1,425.63 and its 200 day moving average price is GBX 1,366.61. The firm has a market cap of £627.30 million, a P/E ratio of 3,724.86 and a beta of 0.67.

Brunner (LON:BUT - Get Free Report) last issued its 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%.

Insider Activity at Brunner

In other Brunner news, insider James Sharp purchased 250 shares of the firm's stock in a transaction that occurred on Tuesday, September 2nd. The shares were acquired at an average cost of GBX 1,432 per share, for a total transaction of £3,580. Company 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).

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