Metro Bank (LON:MTRO) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Shares of Metro Bank Holdings PLC (LON:MTRO) passed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 92.56 ($1.21) and traded as low as GBX 84.90 ($1.11). Metro Bank shares last traded at GBX 87.10 ($1.14), with a volume of 325,813 shares.

Metro Bank Price Performance

The stock has a market cap of £595.54 million, a P/E ratio of -24.35 and a beta of 2.33. The stock’s 50 day simple moving average is GBX 92.56 and its two-hundred day simple moving average is GBX 88.86.

Metro Bank (LON:MTRO) last posted its quarterly earnings data on Thursday, February 27th. The company reported GBX 6.30 ($0.08) EPS for the quarter. Metro Bank had a negative net margin of 3.30% and a negative return on equity of 2.18%. As a group, analysts forecast that Metro Bank Holdings PLC will post 521.5384615 earnings per share for the current fiscal year.

Insider Transactions at Metro Bank

In other Metro Bank news, insider Paul Coby purchased 22,480 shares of the stock in a transaction on Monday, March 10th. The shares were purchased at an average cost of GBX 87 ($1.14) per share, for a total transaction of £19,557.60 ($25,598.95). Also, insider Marc Page purchased 31,516 shares of the business’s stock in a transaction on Monday, March 3rd. The shares were acquired at an average cost of GBX 81 ($1.06) per share, for a total transaction of £25,527.96 ($33,413.56). 58.30% of the stock is owned by insiders.

About Metro Bank

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.