Montanaro UK Smaller Companies (LON:MTU) Share Price Crosses Below 50 Day Moving Average - Here's What Happened

Key Points

• The share price of Montanaro UK Smaller Companies (LON:MTU) fell below its 50-day moving average of GBX 102.16, trading as low as GBX 98.40, indicating potential sell signals.
• Despite the recent dip, the company has a market cap of £166.01 million and reported a P/E ratio of 6.32 alongside a strong return on equity of 13.16%.
• Insiders have shown confidence in the company's prospects, with significant recent purchases totaling over £22,000 by two executives.

Montanaro UK Smaller Companies (LON:MTU - Get Free Report) shares crossed below its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 102.16 ($1.37) and traded as low as GBX 98.40 ($1.32). Montanaro UK Smaller Companies shares last traded at GBX 99.02 ($1.33), with a volume of 383,887 shares trading hands.

Montanaro UK Smaller Companies Trading Down 0.5%

The stock has a market cap of £164.56 million, a price-to-earnings ratio of 6.27 and a beta of 0.98. The company has a quick ratio of 41.12, a current ratio of 0.37 and a debt-to-equity ratio of 9.83. The business has a 50-day moving average of GBX 101.76 and a 200-day moving average of GBX 100.63.

Montanaro UK Smaller Companies (LON:MTU - Get Free Report) last released its quarterly earnings data on Wednesday, June 18th. The company reported GBX 3.28 earnings per share (EPS) for the quarter. Montanaro UK Smaller Companies had a return on equity of 13.16% and a net margin of 91.45%.

Insiders Place Their Bets

In other news, insider Catriona Hoare acquired 11,920 shares of Montanaro UK Smaller Companies stock in a transaction that occurred on Wednesday, July 23rd. The stock was purchased at an average price of GBX 102 per share, with a total value of £12,158.40. Also, insider Barbara Powley acquired 10,000 shares of Montanaro UK Smaller Companies stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average cost of GBX 103 per share, with a total value of £10,300. 0.21% of the stock is currently owned by company insiders.

Montanaro UK Smaller Companies Company Profile

The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies Index. Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing. We think of ourselves as an Oasis in the City.