Secure Trust Bank (LON:STB) Stock Price Passes Below 200 Day Moving Average – What’s Next?

Secure Trust Bank PLC (LON:STB)’s share price passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 737.31 ($9.31) and traded as low as GBX 354.89 ($4.48). Secure Trust Bank shares last traded at GBX 358 ($4.52), with a volume of 101,478 shares changing hands.

Wall Street Analysts Forecast Growth

Separately, Shore Capital reaffirmed a “house stock” rating on shares of Secure Trust Bank in a research report on Wednesday, October 16th.

Secure Trust Bank Price Performance

The company has a market capitalization of £67.11 million, a PE ratio of 259.85, a PEG ratio of 0.11 and a beta of 0.87. The firm has a 50-day moving average of GBX 549.22 and a 200 day moving average of GBX 731.23.

Insider Activity at Secure Trust Bank

In other news, insider Rachel Lawrence bought 4,094 shares of the company’s stock in a transaction on Friday, November 1st. The shares were acquired at an average cost of GBX 486 ($6.13) per share, with a total value of £19,896.84 ($25,112.76). 14.85% of the stock is currently owned by insiders.

Secure Trust Bank Company Profile

Secure Trust Bank PLC provides banking and financial products and services in the United Kingdom. It operates through four segments: Real Estate Finance, Commercial Finance, Vehicle Finance, and Retail Finance. The Real Estate Finance segment provides secured loans against property assets. The Commercial Finance segment provides invoice discounting solutions, coronavirus business interruption loan scheme, and recovery loan schemes.