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

Personal Assets (LON:PNL) shares passed above its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 506.37 ($6.53) and traded as high as GBX 511.90 ($6.60). Personal Assets shares last traded at GBX 510 ($6.57), with a volume of 559,041 shares trading hands.

Personal Assets Trading Down 0.5 %

The firm’s 50 day moving average price is GBX 506.37 and its two-hundred day moving average price is GBX 497.71. The company has a market capitalization of £1.62 billion, a price-to-earnings ratio of 12.93 and a beta of 0.19.

Personal Assets (LON:PNL) last announced its quarterly earnings results on Wednesday, December 4th. The company reported GBX 4.67 ($0.06) earnings per share for the quarter. Personal Assets had a return on equity of 7.96% and a net margin of 116.31%.

Insider Transactions at Personal Assets

In related news, insider Gordon Joseph Neilly bought 63 shares of the business’s stock in a transaction dated Wednesday, January 29th. The stock was bought at an average price of GBX 506 ($6.52) per share, for a total transaction of £318.78 ($410.90). 23.42% of the stock is currently owned by corporate insiders.

Personal Assets Company Profile

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.