The Bankers Investment Trust (LON:BNKR) Shares Cross Above 50 Day Moving Average - Here's What Happened

Key Points

• The Bankers Investment Trust's share price has crossed above its 50-day moving average of GBX 126.76, closing at GBX 129.60 with a trading volume of over 2.5 million shares.
• The company has a market capitalization of £1.31 billion and is aiming for long-term capital growth exceeding the FTSE World Index.
• Insiders have recently purchased shares at an average price of GBX 126, indicating confidence in the company's performance, with insiders owning 0.04% of the company's stock.

The Bankers Investment Trust PLC (LON:BNKR - )'s share price passed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 126.76 ($1.69) and traded as high as GBX 130 ($1.74). The Bankers Investment Trust shares last traded at GBX 129.60 ($1.73), with a volume of 2,530,198 shares traded.

The Bankers Investment Trust Trading Up 0.5%

The company has a market cap of £1.31 billion, a P/E ratio of -66.44 and a beta of 0.60. The stock's 50 day moving average is GBX 126.76 and its 200-day moving average is GBX 119.91. The company has a current ratio of 45.31, a quick ratio of 8.27 and a debt-to-equity ratio of 8.63.

Insider Transactions at The Bankers Investment Trust

In other news, insider Ankush Nandra purchased 333 shares of the company's stock in a transaction that occurred on Friday, September 12th. The shares were bought at an average price of GBX 126 per share, for a total transaction of £419.58. Also, insider Richard West purchased 538 shares of the company's stock in a transaction that occurred on Friday, September 12th. The stock was purchased at an average price of GBX 126 per share, for a total transaction of £677.88. Insiders own 0.04% of the company's stock.

The Bankers Investment Trust Company Profile

Over the long term, the Company aims to achieve capital growth in excess of the FTSE World Index and dividend growth greater than inflation, as measured by the UK Consumer Price Index (‘CPI'), by investing in companies listed throughout the world.

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