Monks (LON:MNKS) Reaches New 1-Year High - Should You Buy?

Key Points

• Monks' share price reached a new 52-week high at GBX 1,376 ($18.58), but remained stable without further increase.
• The company has a low debt-to-equity ratio of 8.47 and strong financial metrics, including a P/E ratio of 4.48 and a return on equity of 24.08%.
• Monks focuses on long-term capital growth through an actively managed global equity portfolio, primarily targeting growth stocks.

Monks (LON:MNKS - Get Free Report) hit a new 52-week high during trading on Wednesday . The stock traded as high as GBX 1,376 ($18.65) and last traded at GBX 1,376 ($18.65), with a volume of 561197 shares changing hands. The stock had previously closed at GBX 1,376 ($18.65).

Monks Trading Up 0.0%

The firm has a market cap of £2.67 billion, a P/E ratio of 4.49 and a beta of 0.71. The company has a 50 day moving average of GBX 1,313.29 and a 200 day moving average of GBX 1,246.62. 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 posted its 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.