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Metro Bank (LON:MTRO) Reaches New 52-Week High - Should You Buy?

Metro Bank logo with Financial Services background

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) shares hit a new 52-week high on Wednesday . The company traded as high as GBX 116.40 ($1.55) and last traded at GBX 116.40 ($1.55), with a volume of 2129580 shares trading hands. The stock had previously closed at GBX 110.60 ($1.47).

Metro Bank Stock Up 2.7%

The company has a market capitalization of £828.70 million, a PE ratio of -33.88 and a beta of 2.33. The firm's 50-day moving average is GBX 95.59 and its 200-day moving average is GBX 94.58.

Metro Bank (LON:MTRO - Get Free Report) last issued its earnings results on Thursday, February 27th. The company reported GBX 6.30 ($0.08) EPS for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. As a group, equities research analysts predict that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insider Activity

In other Metro Bank news, insider Paul Coby purchased 22,480 shares of the company's stock in a transaction that occurred on Monday, March 10th. The stock was bought at an average price of GBX 87 ($1.16) per share, with a total value of £19,557.60 ($26,007.45). Also, insider Marc Page purchased 31,516 shares of the business's stock in a transaction that occurred on Monday, March 3rd. The stock was bought at an average price of GBX 81 ($1.08) per share, for a total transaction of £25,527.96 ($33,946.76). Insiders own 58.30% of the company's stock.

Metro Bank Company Profile

(Get Free Report)

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.

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