Arbuthnot Banking Group (LON:ARBB) Stock Price Passes Below 200-Day Moving Average – Here’s Why

Shares of Arbuthnot Banking Group PLC (LON:ARBB) passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 935.95 ($11.52) and traded as low as GBX 900 ($11.07). Arbuthnot Banking Group shares last traded at GBX 900 ($11.07), with a volume of 322 shares trading hands.

Analyst Upgrades and Downgrades

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

Arbuthnot Banking Group Stock Performance

The firm has a market cap of £145.39 million, a P/E ratio of 477.66, a P/E/G ratio of 0.38 and a beta of 1.00. The company’s 50 day moving average is GBX 903.77 and its 200 day moving average is GBX 935.09.

Insider Activity

In other Arbuthnot Banking Group news, insider Henry Angest purchased 116,000 shares of the company’s stock in a transaction dated Monday, November 25th. The stock was purchased at an average price of GBX 900 ($11.07) per share, with a total value of £1,044,000 ($1,284,606.87). 64.32% of the stock is owned by corporate insiders.

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.