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

Key Points

• The Bankers Investment Trust stock price has crossed above its 50-day moving average, trading at GBX 123.20 ($1.66) with a high of GBX 124.40 ($1.68).
• The company reported a net margin of 94.23% and a return on equity of 15.93% in its latest earnings announcement, which indicated earnings per share of GBX 1.16.
• With a market capitalization of £1.27 billion, the firm aims for capital growth exceeding the FTSE World Index and dividend growth above inflation.

The Bankers Investment Trust PLC (LON:BNKR - Get Free Report)'s share price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 122.26 ($1.64) and traded as high as GBX 124.40 ($1.67). The Bankers Investment Trust shares last traded at GBX 123.20 ($1.65), with a volume of 1,114,069 shares changing hands.

The Bankers Investment Trust Trading Down 1.1%

The business has a fifty day moving average price of GBX 122.52 and a 200 day moving average price of GBX 117.11. The firm has a market capitalization of £1.26 billion, a price-to-earnings ratio of -6,234.69 and a beta of 0.60. The company has a debt-to-equity ratio of 8.63, a quick ratio of 8.27 and a current ratio of 45.31.

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 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%.

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.