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

Key Points

• Mid Wynd International Inv Tr (LON:MWY) shares surpassed their 50-day moving average of GBX 757.08, trading as high as GBX 770, with the last price recorded at GBX 768.
• The company has a market capitalization of £344.39 million and a price-to-earnings ratio of 7.76.
• Insider Alan Scott sold 10,000 shares of the company at an average price of GBX 761, indicating that insiders own 28.54% of the stock.

Shares of Mid Wynd International Inv Tr (LON:MWY - Get Free Report) passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 757.08 ($10.21) and traded as high as GBX 770 ($10.38). Mid Wynd International Inv Tr shares last traded at GBX 768 ($10.35), with a volume of 22,719 shares.

Mid Wynd International Inv Tr Stock Performance

The stock has a market cap of £342.60 million, a price-to-earnings ratio of 7.72 and a beta of 0.55. The business's fifty day simple moving average is GBX 757.96 and its 200 day simple moving average is GBX 747.99.

Insider Activity

In other news, insider Alan Scott sold 10,000 shares of the company's stock in a transaction dated Monday, July 21st. The shares were sold at an average price of GBX 761, for a total value of £76,100. Company insiders own 28.54% of the company's stock.

Mid Wynd International Inv Tr Company Profile

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.