Brunner (LON:BUT) Share Price Crosses Below Fifty Day Moving Average – Here’s Why

Brunner (LON:BUT) shares crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 1,432.24 ($19.08) and traded as low as GBX 1,366 ($18.20). Brunner shares last traded at GBX 1,366 ($18.20), with a volume of 261,823 shares changing hands.

Brunner Trading Up 0.8%

The company has a 50 day simple moving average of GBX 1,432.24 and a 200 day simple moving average of GBX 1,386.34. The stock has a market capitalization of £599.89 million, a PE ratio of 3,562.15 and a beta of 0.67.

Brunner (LON:BUT) last posted its quarterly earnings data on Wednesday, July 23rd. The investment trust reported GBX 17.30 EPS for the quarter. Brunner had a return on equity of 18.49% and a net margin of 94.54%.

Insider Activity

In other Brunner news, insider James Sharp bought 250 shares of the business’s stock in a transaction dated Tuesday, September 2nd. The stock was acquired at an average cost of GBX 1,432 per share, with a total value of £3,580. Company insiders own 0.83% of the company’s stock.

Brunner Company Profile

Brunner aims to provide its investors with both capital growth and growing dividends by investing in a portfolio of global equities. The Trust invests in companies all over the world, seeking out opportunities for growth and reliable dividends wherever they may be. Trust’s performance is measured against the benchmark index (70% FTSE World ex-UK Index and 30% FTSE All-Share Index).