Braemar (LON:BMS) Stock Passes Above Two Hundred Day Moving Average – What’s Next?

Braemar Plc (LON:BMS) shares passed above its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 269.29 ($3.39) and traded as high as GBX 270.38 ($3.40). Braemar shares last traded at GBX 261 ($3.28), with a volume of 4,040 shares trading hands.

Braemar Stock Performance

The business has a 50 day simple moving average of GBX 253.70 and a two-hundred day simple moving average of GBX 269.29. The stock has a market cap of £84.22 million, a price-to-earnings ratio of 16.96 and a beta of 1.17. The company has a current ratio of 1.42, a quick ratio of 1.23 and a debt-to-equity ratio of 43.61.

Insider Transactions at Braemar

In related news, insider James Christopher Duchar Gundy sold 94,112 shares of Braemar stock in a transaction dated Monday, December 9th. The stock was sold at an average price of GBX 254 ($3.20), for a total value of £239,044.48 ($300,798.39). Corporate insiders own 46.79% of the company’s stock.

About Braemar

Braemar provides expert advice in shipping investment, chartering, and risk management to enable its clients to secure sustainable returns and mitigate risk in the volatile world of shipping.

Our experienced brokers work in tandem with specialist professionals to form teams tailored to our customers’ needs, and provide an integrated service supported by a collaborative culture.