Arbuthnot Banking Group (LON:ARBB) Hits New 52-Week Low – What’s Next?

Arbuthnot Banking Group PLC (LON:ARBB)’s share price reached a new 52-week low on Thursday . The stock traded as low as GBX 865 ($10.69) and last traded at GBX 898 ($11.10), with a volume of 824 shares changing hands. The stock had previously closed at GBX 895 ($11.06).

Analyst Upgrades and Downgrades

Separately, Shore Capital restated a “house stock” rating on shares of Arbuthnot Banking Group in a report on Thursday, December 19th.

Arbuthnot Banking Group Stock Performance

The stock has a market capitalization of £145.39 million, a price-to-earnings ratio of 477.66, a price-to-earnings-growth ratio of 0.38 and a beta of 1.00. The business has a fifty day simple moving average of GBX 903.91 and a 200 day simple moving average of GBX 935.60.

Insiders Place Their Bets

In other news, insider Henry Angest acquired 116,000 shares of Arbuthnot Banking Group stock in a transaction on Monday, November 25th. The shares were purchased at an average cost of GBX 900 ($11.12) per share, for a total transaction of £1,044,000 ($1,290,482.08). Corporate insiders own 64.32% of the company’s stock.

Arbuthnot Banking Group Company Profile

Arbuthnot Banking Group PLC, together with its subsidiaries, provides private and commercial banking products and services in the United Kingdom. It operates through nine segments: Banking, Wealth Management, Mortgage Portfolios, Renaissance Asset Finance, Arbuthnot Commercial Asset Based Lending, Arbuthnot Specialist Finance Limited, Asset Alliance Group, All Other Divisions, and Group Centre segments.