Metro Bank (LON:MTRO) Reaches New 52-Week High – Here’s Why

Metro Bank Holdings PLC (LON:MTROGet Free Report) reached a new 52-week high during trading on Thursday . The company traded as high as GBX 97.80 ($1.24) and last traded at GBX 97.10 ($1.23), with a volume of 649994 shares trading hands. The stock had previously closed at GBX 93.70 ($1.19).

Metro Bank Stock Performance

The company’s fifty day simple moving average is GBX 72.71 and its two-hundred day simple moving average is GBX 54.39. The company has a market capitalization of £657.89 million, a price-to-earnings ratio of 4,580.00 and a beta of 2.33.

Insider Buying and Selling

In related news, insider Robert Sharpe sold 29,000 shares of the company’s stock in a transaction that occurred on Thursday, November 14th. The stock was sold at an average price of GBX 94 ($1.19), for a total transaction of £27,260 ($34,493.23). Insiders own 58.30% of the company’s stock.

About Metro Bank

(Get Free Report)

Metro Bank Holdings PLC operates as the bank holding company for Metro Bank PLC that provides various banking products and services in the United Kingdom. It offers personal banking products and services, including current, cash, and foreign currency accounts; savings; residential and buy-to-let mortgages; overdrafts; credit cards; pet insurance; and safe deposit box services.

Further Reading

Receive News & Ratings for Metro Bank Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Metro Bank and related companies with MarketBeat.com's FREE daily email newsletter.