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

Key Points

• The Bankers Investment Trust (LON:BNKR) shares surpassed their fifty-day moving average, reaching a high of GBX 123.80 during trading on Wednesday.
• The company reported earnings of GBX 1.16 per share for the quarter, achieving a net margin of 94.23% and a return on equity of 15.93%.
• With a market capitalization of £1.37 billion, the trust aims for capital growth exceeding the FTSE World Index and dividend growth surpassing inflation as measured by the UK Consumer Price Index.

The Bankers Investment Trust PLC (LON:BNKR - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 120.83 ($1.64) and traded as high as GBX 123.80 ($1.68). The Bankers Investment Trust shares last traded at GBX 123.51 ($1.67), with a volume of 1,656,032 shares traded.

The Bankers Investment Trust Stock Performance

The company has a debt-to-equity ratio of 8.63, a current ratio of 45.31 and a quick ratio of 8.27. The stock has a 50-day moving average price of GBX 121.10 and a 200-day moving average price of GBX 117.17. The firm has a market capitalization of £1.37 billion, a PE ratio of 6.25 and a beta of 0.60.

The Bankers Investment Trust (LON:BNKR - Get Free Report) last issued its quarterly earnings data on Wednesday, June 25th. The bank reported GBX 1.16 ($0.02) earnings per share for the quarter. The Bankers Investment Trust had a return on equity of 15.93% and a net margin of 94.23%.

About The Bankers Investment Trust

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.