Metro Bank (LON:MTRO) Share Price Crosses Below Fifty Day Moving Average – What’s Next?

Metro Bank Holdings PLC (LON:MTRO)’s share price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 94.84 ($1.17) and traded as low as GBX 92.40 ($1.14). Metro Bank shares last traded at GBX 92.50 ($1.14), with a volume of 598,680 shares traded.

Metro Bank Stock Performance

The firm’s 50 day moving average price is GBX 94.84 and its 200-day moving average price is GBX 73.03. The firm has a market capitalization of £630.89 million, a PE ratio of 4,688.35 and a beta of 2.33.

Insiders Place Their Bets

In other news, insider Robert Sharpe sold 29,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of GBX 94 ($1.16), for a total transaction of £27,260 ($33,559.03). 58.30% of the stock is currently owned by company insiders.

Metro Bank Company Profile

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.