Personal Assets (LON:PNL) Share Price Crosses Above 50-Day Moving Average – Here’s Why

Shares of Personal Assets (LON:PNL) crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 543.66 and traded as high as GBX 548. Personal Assets shares last traded at GBX 545, with a volume of 696,170 shares traded.

Personal Assets Price Performance

The company has a market capitalization of £1.72 billion, a price-to-earnings ratio of 18.78 and a beta of 0.19. The stock has a 50 day simple moving average of GBX 543.66 and a two-hundred day simple moving average of GBX 532.27.

Personal Assets (LON:PNL) last released its quarterly earnings data on Tuesday, December 2nd. The company reported GBX 3.06 EPS for the quarter. Personal Assets had a return on equity of 7.96% and a net margin of 116.31%.

Insiders Place Their Bets

In related news, insider Iain Ferguson acquired 333 shares of Personal Assets stock in a transaction dated Tuesday, January 27th. The stock was acquired at an average price of GBX 545 per share, for a total transaction of £1,814.85. Insiders own 0.46% of the company’s stock.

About Personal Assets

Personal Assets is what its name implies. It is an investment trust run for private investors, who may often have committed to it a substantial proportion of their personal wealth. Its investment policy is to protect and increase (in that order) the value of shareholders’ funds per share over the long term. It differs from other investment trusts in that its activities are defined not by any particular portfolio specialisation or investment method but by a desire to satisfy the personal requirements of those who invest in it.