Metro Bank (LON:MTRO) Stock Price Passes Below 50-Day Moving Average – Should You Sell?

Metro Bank Holdings PLC (LON:MTRO)’s share price crossed below its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 94.91 ($1.23) and traded as low as GBX 89.80 ($1.16). Metro Bank shares last traded at GBX 89.90 ($1.17), with a volume of 23,201,268 shares.

Metro Bank Price Performance

The firm has a 50-day simple moving average of GBX 94.94 and a two-hundred day simple moving average of GBX 86.16. The company has a market cap of £624.95 million, a PE ratio of -25.55 and a beta of 2.33.

Metro Bank (LON:MTRO) last announced its quarterly earnings data on Thursday, February 27th. The company reported GBX 6.30 ($0.08) EPS for the quarter. Metro Bank had a negative return on equity of 2.18% and a negative net margin of 3.30%. Equities research analysts forecast that Metro Bank Holdings PLC will post 521.5384615 EPS for the current year.

Insider Activity

In other news, insider Marc Page bought 31,516 shares of Metro Bank stock in a transaction that occurred on Monday, March 3rd. The shares were purchased at an average price of GBX 81 ($1.05) per share, for a total transaction of £25,527.96 ($33,101.61). Also, insider Paul Coby bought 22,480 shares of Metro Bank stock in a transaction that occurred on Monday, March 10th. The stock was purchased at an average price of GBX 87 ($1.13) per share, for a total transaction of £19,557.60 ($25,359.96). Company insiders own 58.30% of the company’s stock.

Metro Bank Company Profile

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.