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

Key Points

• The Bankers Investment Trust PLC's stock price surpassed its 50-day moving average, reaching a high of GBX 123.55 ($1.64) during trading.
• The trust reported a net margin of 94.23% and a return on equity of 15.93% in its quarterly earnings, with an EPS of GBX 1.16 ($0.02).
• Over the long term, the company aims for capital growth exceeding the FTSE World Index and dividend growth surpassing inflation as indicated by the UK Consumer Price Index.

The Bankers Investment Trust PLC (LON:BNKR - Get Free Report)'s stock price passed above its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 119.80 ($1.61) and traded as high as GBX 123.55 ($1.66). The Bankers Investment Trust shares last traded at GBX 121.80 ($1.64), with a volume of 1,779,907 shares.

The Bankers Investment Trust Price 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 firm has a market capitalization of £1.35 billion, a price-to-earnings ratio of 6.17 and a beta of 0.60. The business's fifty day simple moving average is GBX 120.39 and its 200 day simple moving average is GBX 117.17.

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

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.