Temple Bar (LON:TMPL) Stock Price Crosses Above 50-Day Moving Average – Here’s Why

Temple Bar (LON:TMPL)’s stock price crossed above its fifty day moving average during trading on Thursday. The stock has a fifty day moving average of GBX 417.84 and traded as high as GBX 425.50. Temple Bar shares last traded at GBX 423.50, with a volume of 508,895 shares traded.

Temple Bar Stock Performance

The business has a fifty day moving average of GBX 417.84 and a 200-day moving average of GBX 405.23. The company has a market capitalization of £1.31 billion, a P/E ratio of 5.66 and a beta of 1.15.

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

Temple Bar Company Profile

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.