Personal Assets (LON:PNL) Stock Crosses Above 50-Day Moving Average - Here's Why

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.

Shares of Personal Assets (LON:PNL - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 511.66 ($6.88) and traded as high as GBX 513 ($6.90). Personal Assets shares last traded at GBX 511 ($6.87), with a volume of 622,295 shares changing hands.

Personal Assets Stock Performance

The company has a market cap of £1.63 billion, a price-to-earnings ratio of 13.05 and a beta of 0.19. The business's 50 day moving average price is GBX 511.66 and its 200-day moving average price is GBX 510.13.

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

Insider Activity

In other news, insider Iain Ferguson bought 1,239 shares of the stock in a transaction dated Monday, August 4th. The shares were acquired at an average price of GBX 511 ($6.87) per share, with a total value of £6,331.29 ($8,514.38). Also, insider Sharon Brown bought 12,916 shares of the stock in a transaction dated Monday, July 21st. The stock was purchased at an average cost of GBX 512 ($6.89) per share, for a total transaction of £66,129.92 ($88,932.11). In the last 90 days, insiders acquired 15,047 shares of company stock worth $7,701,933. 23.42% of the stock is currently owned by corporate 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.

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