BlackRock Greater Europe (LON:BRGE) Share Price Passes Below Fifty Day Moving Average – Here’s What Happened

BlackRock Greater Europe (LON:BRGE)’s stock price crossed below its 50 day moving average during trading on Wednesday . The stock has a 50 day moving average of GBX 587.72 ($7.67) and traded as low as GBX 562.65 ($7.35). BlackRock Greater Europe shares last traded at GBX 563 ($7.35), with a volume of 130,680 shares trading hands.

BlackRock Greater Europe Price Performance

The stock has a market cap of £556.55 million, a P/E ratio of 489.57 and a beta of 1.01. The business has a 50 day simple moving average of GBX 587.72 and a 200-day simple moving average of GBX 609.24. The company has a debt-to-equity ratio of 8.38, a quick ratio of 2.71 and a current ratio of 0.16.

Insider Buying and Selling

In related news, insider Sapna Shah bought 4,000 shares of the company’s stock in a transaction on Monday, September 2nd. The shares were purchased at an average cost of GBX 599 ($7.82) per share, for a total transaction of £23,960 ($31,287.54). 3.42% of the stock is owned by insiders.

BlackRock Greater Europe Company Profile

BlackRock Greater Europe Investment Trust plc is a closed-ended equity mutual fund launched by BlackRock Fund Managers Limited. It is managed by BlackRock Investment Management (UK) Limited. The fund invests in the public equity markets of Europe, excluding the United Kingdom. It seeks to invest in stocks of companies operating across diversified sectors.