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

Key Points

• The stock price of Personal Assets (LON:PNL) has crossed above its fifty-day moving average of GBX 511.12 ($6.93), indicating a potential bullish trend.
• Insider transactions have been notable, with insiders acquiring a total of 15,047 shares worth approximately $7.7 million over the last quarter.
• The company reported earnings of GBX 8.92 ($0.12) per share with a net margin of 116.31% during its latest earnings announcement on June 18th.

Personal Assets (LON:PNL - Get Free Report)'s share price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 511.12 ($6.88) and traded as high as GBX 512 ($6.89). Personal Assets shares last traded at GBX 510 ($6.86), with a volume of 499,445 shares changing hands.

Personal Assets Stock Down 0.4%

The stock has a market capitalization of £1.63 billion, a P/E ratio of 13.05 and a beta of 0.19. The business's 50 day simple moving average is GBX 510.86 and its two-hundred day simple moving average is GBX 510.37.

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

Insiders Place Their Bets

In other news, insider Gordon Joseph Neilly bought 136 shares of the firm's stock in a transaction that occurred on Monday, August 4th. The shares were bought at an average cost of GBX 511 per share, with a total value of £694.96. Also, insider Sharon Brown purchased 12,916 shares of the business's stock in a transaction that occurred on Monday, July 21st. The stock was bought at an average price of GBX 512 per share, for a total transaction of £66,129.92. Over the last ninety days, insiders have acquired 15,047 shares of company stock valued at $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.