Personal Assets (LON:PNL) Shares Pass Above Fifty Day Moving Average - Here's What Happened

Key Points

• Personal Assets (LON:PNL) stock has surpassed its fifty-day moving average of GBX 511.66, trading as high as GBX 513 ($6.90) during recent trading sessions.
• The company has a market capitalization of £1.63 billion and reported an earnings per share (EPS) of GBX 8.92 ($0.12) for its last quarterly earnings.
• Insiders purchased a total of 15,047 shares worth approximately $7.7 million in the last 90 days, indicating strong confidence in the company's prospects.

Personal Assets (LON:PNL - Get Free Report)'s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 511.66 ($6.87) and traded as high as GBX 513 ($6.89). Personal Assets shares last traded at GBX 511 ($6.86), with a volume of 622,295 shares changing hands.

Personal Assets Price Performance

The stock's 50-day moving average is GBX 511.54 and its two-hundred day moving average is GBX 510.27. The stock has a market cap of £1.62 billion, a P/E ratio of 12.97 and a beta of 0.19.

Personal Assets (LON:PNL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 18th. The company reported GBX 8.92 ($0.12) earnings per share for the quarter. Personal Assets had a net margin of 116.31% and a return on equity of 7.96%.

Insider Activity

In related news, insider Sharon Brown purchased 12,916 shares of the firm's stock in a transaction dated Monday, July 21st. The stock was purchased at an average price of GBX 512 ($6.88) per share, with a total value of £66,129.92 ($88,824.61). Also, insider Gordon Joseph Neilly acquired 136 shares of the company's stock in a transaction that occurred on Monday, August 4th. The stock was purchased at an average cost of GBX 511 ($6.86) per share, for a total transaction of £694.96 ($933.46). Over the last 90 days, insiders have acquired 15,047 shares of company stock valued at $7,701,933. 23.42% of the stock is currently owned by insiders.

Personal Assets Company Profile

Personal Assets is what its name implies. It is an investment trust run for private investors, who may often have committed to it a substantial proportion of their personal wealth. Its investment policy is to protect and increase (in that order) the value of shareholders' funds per share over the long term.