Brunner (LON:BUT) Stock Crosses Below 50-Day Moving Average - Here's What Happened

Key Points

• Brunner's shares fell below their 50-day moving average of GBX 1,422.91, trading as low as GBX 1,412 ($18.91).
• The company reported a net margin of 94.54% and a return on equity of 18.49% in its last quarterly earnings.
• Brunner aims to achieve capital growth and increasing dividends by investing in a diverse portfolio of global equities.

Brunner (LON:BUT - Get Free Report)'s stock price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 1,422.91 ($19.22) and traded as low as GBX 1,412 ($19.07). Brunner shares last traded at GBX 1,412 ($19.07), with a volume of 25,149 shares changing hands.

Brunner Stock Performance

The business's 50-day simple moving average is GBX 1,424.43 and its two-hundred day simple moving average is GBX 1,366.07. The company has a market capitalization of £620.18 million, a PE ratio of 3,682.59 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 (EPS) 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 acquired 250 shares of the company's stock in a transaction that occurred on Tuesday, September 2nd. The shares were purchased at an average price of GBX 1,432 per share, for a total transaction of £3,580. 0.83% of the stock is currently owned by company insiders.

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).