Mountview Estates (LON:MTVW) Share Price Passes Below Fifty Day Moving Average - Here's Why

Key Points

• Mountview Estates' share price has fallen below its 50 day moving average of GBX 9,907.13, trading as low as GBX 9,700 during recent trading.
• Insider Duncan M. Sinclair purchased 6,500 shares at an average price of GBX 9,740, reflecting continued insider confidence as 28.74% of the stock is owned by company insiders.
• The company has a high P/E ratio of 1,639.00 and a market capitalization of £385.03 million, indicating a potentially overvalued stock relative to earnings.

Mountview Estates P.L.C. (LON:MTVW - )'s share price passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 9,907.13 ($133.56) and traded as low as GBX 9,700 ($130.76). Mountview Estates shares last traded at £102 ($137.50), with a volume of 157 shares trading hands.

Mountview Estates Stock Performance

The company has a market capitalization of £385.03 million, a P/E ratio of 1,639.00 and a beta of 0.47. The business has a 50 day moving average price of GBX 9,907.13 and a 200 day moving average price of GBX 9,654.87. The company has a current ratio of 121.68, a quick ratio of 0.79 and a debt-to-equity ratio of 16.64.

Insiders Place Their Bets

In other news, insider Duncan M. Sinclair acquired 6,500 shares of Mountview Estates stock in a transaction that occurred on Monday, July 21st. The shares were acquired at an average price of GBX 9,740 per share, with a total value of £633,100. Over the last 90 days, insiders have purchased 7,533 shares of company stock worth $73,315,950. 28.74% of the stock is owned by company insiders.

Mountview Estates Company Profile

Mountview Estates P.L.C., together with its subsidiaries, engages in the property trading and investment activities in the United Kingdom. It owns and acquires tenanted residential properties; and sells such properties when it becomes vacant. The company trades in regulated, assured, assured shorthold, and life tenancy residential units, as well as freehold and leasehold ground rent units.

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