Monks (LON:MNKS) Shares Cross Below 50 Day Moving Average – Should You Sell?

Shares of Monks (LON:MNKS) passed below its fifty day moving average during trading on Tuesday . The stock has a fifty day moving average of GBX 1,508.16 and traded as low as GBX 1,492. Monks shares last traded at GBX 1,502, with a volume of 179,050 shares traded.

Monks Trading Up 0.9%

The company has a debt-to-equity ratio of 8.47, a quick ratio of 0.22 and a current ratio of 0.67. The firm has a market cap of £2.45 billion, a price-to-earnings ratio of 5.40 and a beta of 0.71. The business has a fifty day simple moving average of GBX 1,508.16 and a 200-day simple moving average of GBX 1,473.10.

Monks (LON:MNKS) last released its quarterly earnings results on Thursday, December 4th. The company reported GBX 0.90 earnings per share for the quarter. Monks had a return on equity of 24.08% and a net margin of 96.67%.

Insiders Place Their Bets

In other Monks news, insider Randeep Singh Grewal purchased 2,000 shares of the firm’s stock in a transaction on Tuesday, January 20th. The stock was purchased at an average cost of GBX 1,523 per share, for a total transaction of £30,460. 0.96% of the stock is owned by insiders.

About Monks

The Trust aims for long-term capital growth which takes priority over income. This is pursued through applying a patient approach to investment, principally from a differentiated, actively managed global equity portfolio containing a diversified range of growth stocks – companies with above average earnings growth – which we expect to hold for around five years on average. Investments are made on an unconstrained basis. The portfolio, which includes stocks with a range of different growth profiles, will typically contain 100+ stocks from around the world and Monks should not be viewed as a proxy for any index.