Metro Bank (LON:MTRO) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Shares of Metro Bank Holdings PLC (LON:MTRO) passed below its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 123.10 and traded as low as GBX 118. Metro Bank shares last traded at GBX 122.60, with a volume of 1,386,684 shares changing hands.

Metro Bank Price Performance

The stock has a market capitalization of £821.42 million, a price-to-earnings ratio of 7.77 and a beta of 0.99. The company’s 50-day moving average is GBX 122.95 and its 200-day moving average is GBX 118.95.

Metro Bank (LON:MTRO) last posted its earnings results on Wednesday, March 4th. The company reported GBX 7.80 earnings per share for the quarter. Metro Bank had a net margin of 8.10% and a return on equity of 5.16%. Sell-side analysts anticipate that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insiders Place Their Bets

In other Metro Bank news, insider Jaime Gilinski Bacal acquired 534,703 shares of the stock in a transaction that occurred on Thursday, March 5th. The stock was bought at an average cost of GBX 114 per share, for a total transaction of £609,561.42. Also, insider Paul Coby acquired 17,350 shares of the stock in a transaction that occurred on Tuesday, March 24th. The stock was acquired at an average price of GBX 114 per share, with a total value of £19,779. Over the last three months, insiders have bought 769,834 shares of company stock valued at $87,900,471. Insiders own 55.51% of the company’s stock.

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. The company also provides business banking products and services comprising business bank, commercial and community current, foreign currency, and insolvency practitioner accounts; deposit accounts, such as business and community instant access deposit, business notice, client premium and flexible client term deposit, and business and community fixed term deposit accounts; insurance products; and business and commercial loans and overdrafts, asset and invoice financing, bounce back loans, business credit cards, and recovery loan schemes services.