Monks (LON:MNKS) Stock Passes Above Fifty Day Moving Average - Time to Sell?

Key Points

• Monks (LON:MNKS) shares crossed above their 50-day moving average of GBX 1,353.68 during trading, reaching a high of GBX 1,410.
• The company reported earnings per share (EPS) of GBX 1.75 for the quarter, with a remarkable net margin of 96.67%.
• Monks has a market capitalization of £2.58 billion and a price-to-earnings ratio of -16,926.77, indicating challenges in profitability.

Monks (LON:MNKS - Get Free Report)'s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 1,353.68 ($18.31) and traded as high as GBX 1,410 ($19.07). Monks shares last traded at GBX 1,400 ($18.94), with a volume of 626,848 shares changing hands.

Monks Price Performance

The company has a current ratio of 0.67, a quick ratio of 0.22 and a debt-to-equity ratio of 8.47. The business's 50-day simple moving average is GBX 1,360.44 and its 200 day simple moving average is GBX 1,254.23. The company has a market capitalization of £2.49 billion, a P/E ratio of -16,974.79 and a beta of 0.71.

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

Monks Company Profile

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.