Mid Wynd International Inv Tr (LON:MWY) Share Price Crosses Below Fifty Day Moving Average - Here's Why

Key Points

• Mid Wynd International Inv Tr shares fell below their 50-day moving average of GBX 760.32, trading at GBX 756 ($10.13) with a significant volume of 112,762 shares.
• Insider Alan Scott sold 10,000 shares at an average price of GBX 761, indicating potential concern or a strategic move, as insiders own 6.67% of the company.
• The firm has a market capitalization of £291.84 million and a PE ratio of 1,414.68, highlighting its distinct financial metrics in the market.

Mid Wynd International Inv Tr (LON:MWY - Get Free Report) crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 760.32 ($10.27) and traded as low as GBX 756 ($10.21). Mid Wynd International Inv Tr shares last traded at GBX 756 ($10.21), with a volume of 112,762 shares.

Mid Wynd International Inv Tr Price Performance

The firm has a market cap of £291.48 million, a price-to-earnings ratio of 1,412.90 and a beta of 0.55. The firm has a fifty day simple moving average of GBX 761.60 and a two-hundred day simple moving average of GBX 745.22.

Insider Activity

In related news, insider Alan Scott sold 10,000 shares of Mid Wynd International Inv Tr stock in a transaction that occurred on Monday, July 21st. The stock was sold at an average price of GBX 761, for a total transaction of £76,100. 7.01% of the stock is currently owned by insiders.

About Mid Wynd International Inv Tr

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.