Montanaro UK Smaller Companies (LON:MTU) Shares Cross Below Fifty Day Moving Average – Here’s What Happened

Montanaro UK Smaller Companies (LON:MTUGet Free Report)’s stock price passed below its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 107.31 and traded as low as GBX 107. Montanaro UK Smaller Companies shares last traded at GBX 107.97, with a volume of 135,233 shares trading hands.

Montanaro UK Smaller Companies Stock Performance

The firm has a 50 day moving average of GBX 107.31 and a 200-day moving average of GBX 103.75. The stock has a market capitalization of £118.19 million, a PE ratio of -1,181.17 and a beta of 1.24. The company has a debt-to-equity ratio of 8.73, a quick ratio of 41.12 and a current ratio of 4.27.

Montanaro UK Smaller Companies (LON:MTUGet Free Report) last released its earnings results on Friday, June 26th. The company reported GBX 3.15 earnings per share for the quarter. Montanaro UK Smaller Companies had a negative return on equity of 9.39% and a net margin of 122.76%.The company had revenue of GBX 489 million for the quarter.

Insider Activity

In related news, insider Yuuichiro Nakajima purchased 5,000 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average cost of GBX 106 per share, for a total transaction of £5,300. 0.49% of the stock is owned by company insiders.

Montanaro UK Smaller Companies Company Profile

(Get Free Report)

The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies Index.

Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing.

We think of ourselves as an Oasis in the City. We ignore market noise and focus on identifying the highest quality businesses that we can own for the long-term.

Almost 30 years later, we manage over £3.5bn (€4bn) on behalf of our clients.

Further Reading

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