Shares of Rockwood Strategic (LON:RKW – Get Free Report) passed above its 50-day moving average during trading on Tuesday. The stock has a 50-day moving average of GBX 311.67 and traded as high as GBX 316. Rockwood Strategic shares last traded at GBX 313.47, with a volume of 295,293 shares trading hands.
Rockwood Strategic Price Performance
The stock has a market cap of £197.38 million, a PE ratio of 30.74 and a beta of 0.97. The company’s fifty day moving average is GBX 311.32 and its 200-day moving average is GBX 305.19.
About Rockwood Strategic
Rockwood Strategic Plc is an Investment Trust quoted on the London Stock Exchange that invests in a focused portfolio of smaller UK public companies. The strategy identifies undervalued shares, where the potential exists to improve returns and where the company is benefitting, or will benefit, from operational, strategic or management changes. These unlock, create or realise shareholder value for investors. The strategy targets investment opportunities arising in the inefficient and niche market of UK small companies, uses the manager’s specialist experience and enhanced diligence approach to assess risk and harvests the benefits of long-term capital through patience and an ‘ownership’ mentality.
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