Mountview Estates (LON:MTVW) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Key Points

• Mountview Estates stock has surpassed its 50 day moving average of GBX 9,724.32, trading as high as GBX 9,800 during recent trading sessions.
• The company reported earnings of GBX 602.50 per share, with a net margin of 21.89% and a return on equity of 4.37% in its last earnings report.
• Insider Duncan M. Sinclair purchased 6,500 shares at an average cost of GBX 9,740, indicating strong insider confidence in the company's future.

Mountview Estates P.L.C. (LON:MTVW - Get Free Report)'s stock price crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 9,724.32 ($129.24) and traded as high as GBX 9,800 ($130.25). Mountview Estates shares last traded at GBX 9,800 ($130.25), with a volume of 678 shares trading hands.

Mountview Estates Stock Up 2.7%

The firm has a market capitalization of £380.78 million, a price-to-earnings ratio of 21.89 and a beta of 0.47. The business has a 50 day simple moving average of GBX 9,720.14 and a 200-day simple moving average of GBX 9,387.36. The company has a debt-to-equity ratio of 16.64, a quick ratio of 0.79 and a current ratio of 121.68.

Mountview Estates (LON:MTVW - Get Free Report) last issued its earnings results on Thursday, June 19th. The company reported GBX 602.50 ($8.01) earnings per share (EPS) for the quarter. Mountview Estates had a return on equity of 4.37% and a net margin of 21.89%.

Insider Activity at Mountview Estates

In related news, insider Duncan M. Sinclair acquired 6,500 shares of the stock in a transaction dated Monday, July 21st. The stock was acquired at an average cost of GBX 9,740 ($129.45) per share, with a total value of £633,100 ($841,440.72). Corporate insiders own 73.33% of the company's stock.

About Mountview Estates

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.