Temple Bar (LON:TMPL) Stock Crosses Above Fifty Day Moving Average – Here’s Why

Temple Bar (LON:TMPL)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 411.80 and traded as high as GBX 419.50. Temple Bar shares last traded at GBX 418.89, with a volume of 301,495 shares changing hands.

Temple Bar Stock Performance

The stock has a market capitalization of £1.29 billion, a PE ratio of 5.57 and a beta of 1.15. The business’s 50-day moving average price is GBX 411.80 and its 200 day moving average price is GBX 396.85.

Temple Bar (LON:TMPL) last issued its quarterly earnings data on Thursday, August 20th. The company reported GBX 7.90 earnings per share (EPS) for the quarter. Temple Bar had a return on equity of 19.52% and a net margin of 74.06%.

About Temple Bar

Temple Bar’s investment objective is to provide investors with a growing income combined with growth in capital. It aims to meet this objective by investing primarily in UK equities, across different sectors, maintaining a balance of larger and smaller/medium-sized companies. The trust has a bias towards FTSE 350 companies. The Trust is managed by Nick Purves and Ian lance of RWC Partners who have over fifty years of investment experience between them and have been working as a partnership for over thirteen years.