Brunner (LON:BUT) Shares Cross Above 50-Day Moving Average - Here's Why

Key Points

• Brunner's stock price has recently crossed above its 50-day moving average of GBX 1,415.43 ($19.18), reaching a high of GBX 1,456 ($19.73) during trading.
• The company reports a market capitalization of £619.87 million and a price-to-earnings ratio of 5.91, indicating strong financial performance.
• Brunner aims to achieve both capital growth and increasing dividends through a diverse portfolio of global equities, benchmarked against the FTSE World ex-UK Index and FTSE All-Share Index.

Shares of Brunner (LON:BUT - Get Free Report) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,415.43 ($19.05) and traded as high as GBX 1,456 ($19.59). Brunner shares last traded at GBX 1,427.08 ($19.20), with a volume of 90,092 shares.

Brunner Stock Performance

The firm has a market capitalization of £629.83 million, a PE ratio of 6.01 and a beta of 0.67. The company's fifty day moving average price is GBX 1,416.83 and its two-hundred day moving average price is GBX 1,364.32.

Brunner (LON:BUT - Get Free Report) last announced its quarterly earnings data 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%.

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).