Monks (LON:MNKS) Reaches New 12-Month High - Here's Why

Key Points

• Shares of Monks (LON:MNKS) reached a new 52-week high, trading at GBX 1,358 ($18.25) during Monday's session.
• The company reported a strong net margin of 96.67% and a return on equity of 24.08% in its latest earnings results.
• Monks aims for long-term capital growth through a globally diversified portfolio focused on growth stocks, typically held for around five years.

Monks (LON:MNKS - Get Free Report) reached a new 52-week high on Monday . The stock traded as high as GBX 1,358 ($18.01) and last traded at GBX 1,356 ($17.98), with a volume of 92219 shares trading hands. The stock had previously closed at GBX 1,352 ($17.93).

Monks Price Performance

The firm has a fifty day moving average price of GBX 1,278.52 and a two-hundred day moving average price of GBX 1,240.57. The stock has a market capitalization of £2.62 billion, a P/E ratio of 4.42 and a beta of 0.71. The company has a debt-to-equity ratio of 8.47, a quick ratio of 0.22 and a current ratio of 0.67.

Monks (LON:MNKS - Get Free Report) last released its quarterly earnings results on Wednesday, July 2nd. The company reported GBX 1.75 ($0.02) earnings per share for the quarter. Monks had a return on equity of 24.08% and a net margin of 96.67%.

About Monks

The Trust aims for long-term capital growth which takes priority over income. This is pursued through applying a patient approach to investment, principally from a differentiated, actively managed global equity portfolio containing a diversified range of growth stocks – companies with above average earnings growth – which we expect to hold for around five years on average.