BlackRock Throgmorton Trust (LON:THRG) Stock Price Passes Above 50 Day Moving Average – Here’s What Happened

BlackRock Throgmorton Trust (LON:THRG) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 595.84 ($7.52) and traded as high as GBX 601 ($7.59). BlackRock Throgmorton Trust shares last traded at GBX 596 ($7.52), with a volume of 250,328 shares changing hands.

BlackRock Throgmorton Trust Stock Down 0.7 %

The company has a fifty day simple moving average of GBX 595.84 and a 200-day simple moving average of GBX 615.87. The firm has a market cap of £526.98 million, a P/E ratio of 627.37 and a beta of 1.20.

Insider Activity

In other news, insider Louise Nash acquired 1,600 shares of the firm’s stock in a transaction dated Thursday, October 17th. The shares were purchased at an average cost of GBX 604 ($7.62) per share, for a total transaction of £9,664 ($12,197.40). Insiders own 11.67% of the company’s stock.

BlackRock Throgmorton Trust Company Profile

BlackRock Throgmorton Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.