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Metro Bank (LON:MTRO) Hits New 12-Month High - Here's Why

Metro Bank logo with Financial Services background

Metro Bank Holdings PLC (LON:MTRO - Get Free Report) reached 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. The stock had previously closed at GBX 110.60 ($1.47).

Metro Bank Trading Down 2.2%

The firm has a market capitalization of £806.82 million, a PE ratio of -32.99 and a beta of 2.33. The business has a fifty day moving average price of GBX 95.59 and a two-hundred day moving average price of GBX 94.32.

Metro Bank (LON:MTRO - Get Free Report) last released its quarterly earnings results on Thursday, February 27th. The company reported GBX 6.30 ($0.08) earnings per share for the quarter. Metro Bank had a negative return on equity of 2.18% and a negative net margin of 3.30%. On average, equities analysts forecast that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current fiscal year.

Insider Activity

In other Metro Bank news, insider Marc Page bought 31,516 shares of the firm's stock in a transaction that occurred on Monday, March 3rd. The stock was purchased at an average price of GBX 81 ($1.08) per share, for a total transaction of £25,527.96 ($33,910.68). Also, insider Paul Coby bought 22,480 shares of the firm's stock in a transaction that occurred on Monday, March 10th. The shares were acquired at an average price of GBX 87 ($1.16) per share, with a total value of £19,557.60 ($25,979.81). Company 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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