Brunner (LON:BUT) Stock Price Crosses Above 50-Day Moving Average - Here's Why

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.

Brunner (LON:BUT - Get Free Report)'s stock price crossed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 1,425.63 ($19.39) and traded as high as GBX 1,453.25 ($19.77). Brunner shares last traded at GBX 1,451.90 ($19.75), with a volume of 49,733 shares.

Brunner Price Performance

The company has a market cap of £620.07 million, a price-to-earnings ratio of 3,681.97 and a beta of 0.67. The business's fifty day moving average price is GBX 1,426.60 and its 200 day moving average price is GBX 1,368.54.

Brunner (LON:BUT - Get Free Report) last issued its quarterly earnings results on Wednesday, July 23rd. The investment trust reported GBX 17.30 EPS 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 business's stock in a transaction dated Tuesday, September 2nd. The shares were bought at an average price of GBX 1,432 per share, for a total transaction of £3,580. Company insiders own 0.83% of the company's stock.

Brunner Company Profile

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).