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Mid Wynd International Inv Tr (LON:MWY) Stock Crosses Above 50 Day Moving Average - Here's Why

Mid Wynd International Inv Tr logo with Financial Services background

Key Points

  • Mid Wynd International Investment Trust's share price recently surpassed its 50-day moving average of GBX 763.44, trading as high as GBX 770.
  • The company reported a PE ratio of 1,431.49 and a net margin of 95.06%, indicating strong profitability despite the high PE ratio.
  • Insider Alan Scott sold 10,000 shares for a total of £76,100, suggesting notable insider trading activity.
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Mid Wynd International Inv Tr (LON:MWY - Get Free Report) crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 763.44 ($10.32) and traded as high as GBX 770 ($10.41). Mid Wynd International Inv Tr shares last traded at GBX 768 ($10.38), with a volume of 503,605 shares trading hands.

Mid Wynd International Inv Tr Trading Up 1.0%

The stock has a market capitalization of £286.43 million, a PE ratio of 1,442.65 and a beta of 0.55. The stock has a 50 day moving average price of GBX 764.12 and a 200-day moving average price of GBX 742.70.

Mid Wynd International Inv Tr (LON:MWY - Get Free Report) last posted its quarterly earnings data on Thursday, September 11th. The company reported GBX 5.54 EPS for the quarter. Mid Wynd International Inv Tr had a return on equity of 12.65% and a net margin of 95.06%.

Insider Buying and Selling at Mid Wynd International Inv Tr

In other news, insider Alan Scott sold 10,000 shares of the stock in a transaction that occurred on Monday, July 21st. The shares were sold at an average price of GBX 761, for a total value of £76,100. 7.01% of the stock is owned by company insiders.

Mid Wynd International Inv Tr Company Profile

(Get Free Report)

Mid Wynd International Investment Trust plc is a closed ended equity mutual fund launched and managed by Artemis Fund Managers Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors. It invests in stocks of companies across diversified market capitalizations.

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