Monks (LON:MNKS) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Monks' stock price recently surpassed its 50-day moving average of GBX 1,367.66 ($18.55), reaching a high of GBX 1,432 ($19.42) during trading.
• The company reported a net margin of 96.67% and a return on equity of 24.08% in its latest quarterly earnings, with earnings per share of GBX 1.75.
• Monks has a market cap of £2.52 billion, indicating a significant size in the market despite its low current and quick ratios.

Shares of Monks (LON:MNKS - Get Free Report) passed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 1,367.66 ($18.54) and traded as high as GBX 1,432 ($19.41). Monks shares last traded at GBX 1,428.97 ($19.37), with a volume of 463,206 shares changing hands.

Monks Stock Performance

The firm's 50-day moving average is GBX 1,378.23 and its 200 day moving average is GBX 1,261.48. The stock has a market cap of £2.57 billion, a PE ratio of -17,547.42 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 EPS for the quarter. Monks had a net margin of 96.67% and a return on equity of 24.08%.

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.