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Temple Bar (LON:TMPL) Stock Price Passes Below 50-Day Moving Average - What's Next?

Temple Bar logo with Financial Services background
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Key Points

  • Technical signal: Temple Bar shares fell below their 50‑day moving average, trading as low as GBX 362 and last at GBX 364 versus a 50‑day MA of GBX 384.80, on volume of 520,683 shares.
  • Attractive fundamentals: The trust has a market cap of £1.08bn, a low P/E of 6.33 and strong profitability (EPS GBX 13.80, net margin 82.15%, ROE 27.93%), which may signal value despite the recent dip.
  • Investment focus and management: Temple Bar targets income plus capital growth by investing primarily in UK equities with a bias to the FTSE 350 and is managed by RWC Partners' Nick Purves and Ian Lance.
  • MarketBeat previews the top five stocks to own by May 1st.

Temple Bar (LON:TMPL - Get Free Report) shares passed below its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 384.80 and traded as low as GBX 362. Temple Bar shares last traded at GBX 364, with a volume of 520,683 shares changing hands.

Temple Bar Trading Down 0.8%

The firm has a market capitalization of £1.08 billion, a PE ratio of 6.33 and a beta of 1.16. The business has a 50 day moving average price of GBX 384.80 and a 200-day moving average price of GBX 372.87.

Temple Bar (LON:TMPL - Get Free Report) last posted its quarterly earnings results on Friday, March 20th. The company reported GBX 13.80 earnings per share (EPS) for the quarter. Temple Bar had a net margin of 82.15% and a return on equity of 27.93%.

About Temple Bar

(Get Free Report)

Temple Bar's investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies. The Trust is managed by Nick Purves and Ian lance of RWC Partners who have over fifty years of investment experience between them and have been working as a partnership for over thirteen years.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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