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Mountview Estates (LON:MTVW) Share Price Passes Above 50-Day Moving Average - Here's Why

Mountview Estates logo with Real Estate background

Key Points

  • The stock price of Mountview Estates (LON:MTVW) crossed above its fifty-day moving average, reaching £101 ($136.27) on Tuesday.
  • Insider Duncan M. Sinclair purchased 500 shares of the company for a total of £48,625, reflecting strong insider confidence as they own 73.33% of the stock.
  • Mountview Estates' recent financials include a net margin of 21.89% and earnings per share of GBX 602.50, indicating a solid performance.
  • MarketBeat previews the top five stocks to own by October 1st.

Shares of Mountview Estates P.L.C. (LON:MTVW - Get Free Report) crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 9,767.63 ($132.03) and traded as high as £101 ($136.52). Mountview Estates shares last traded at £101 ($136.52), with a volume of 200 shares traded.

Mountview Estates Price Performance

The business has a fifty day simple moving average of GBX 9,783.47 and a two-hundred day simple moving average of GBX 9,484.86. The company has a current ratio of 121.68, a quick ratio of 0.79 and a debt-to-equity ratio of 16.64. The stock has a market cap of £374.59 million, a PE ratio of 21.53 and a beta of 0.47.

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

Insider Buying and Selling at Mountview Estates

In other news, insider Duncan M. Sinclair bought 6,500 shares of Mountview Estates stock in a transaction on Monday, July 21st. The shares were purchased at an average price of GBX 9,740 per share, for a total transaction of £633,100. Company insiders own 73.33% of the company's stock.

Mountview Estates Company Profile

(Get Free Report)

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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