Montanaro UK Smaller Companies (LON:MTU) Stock Passes Above Fifty Day Moving Average – Here’s What Happened

Montanaro UK Smaller Companies (LON:MTU) shares passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 108.53 and traded as high as GBX 114. Montanaro UK Smaller Companies shares last traded at GBX 112.50, with a volume of 98,868 shares changing hands.

Montanaro UK Smaller Companies Stock Performance

The firm has a 50 day moving average of GBX 108.65 and a two-hundred day moving average of GBX 104.90. The stock has a market cap of £125.81 million, a PE ratio of -1,258.11 and a beta of 1.24. The company has a debt-to-equity ratio of 8.73, a current ratio of 4.27 and a quick ratio of 41.12.

Montanaro UK Smaller Companies (LON:MTU) last announced its quarterly earnings results on Friday, June 26th. The company reported GBX 3.15 EPS for the quarter. The company had revenue of GBX 489 million for the quarter. Montanaro UK Smaller Companies had a negative net margin of 9.15% and a negative return on equity of 0.08%.

Insider Buying and Selling

In related news, insider Yuuichiro Nakajima purchased 5,000 shares of Montanaro UK Smaller Companies stock in a transaction that occurred on Friday, June 26th. The stock was purchased at an average cost of GBX 106 per share, with a total value of £5,300. 0.49% of the stock is owned by corporate insiders.

Montanaro UK Smaller Companies Company Profile

The Trust aims to achieve capital growth by investing in small companies listed on the London Stock Exchange or its Alternative Investment Market (AIM). It seeks relative outperformance of its benchmark, the Numis Smaller Companies Index.

Montanaro Asset Management was founded by Charles Montanaro in 1991 with a vision to bring a different approach to SmallCap investing.

We think of ourselves as an Oasis in the City. We ignore market noise and focus on identifying the highest quality businesses that we can own for the long-term.

Almost 30 years later, we manage over £3.5bn (€4bn) on behalf of our clients.