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The Bankers Investment Trust (LON:BNKR) Share Price Passes Below Fifty Day Moving Average - What's Next?

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The Bankers Investment Trust (LON:BNKR) Share Price Passes Below Fifty Day Moving Average   - What's Next?

The Bankers Investment Trust PLC (LON:BNKR - Get Free Report) shares passed below its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 114.39 ($1.44) and traded as low as GBX 112.80 ($1.42). The Bankers Investment Trust shares last traded at GBX 114 ($1.43), with a volume of 2,302,583 shares.

The company has a current ratio of 5.41, a quick ratio of 8.27 and a debt-to-equity ratio of 8.54. The stock has a market cap of £1.31 billion, a price-to-earnings ratio of 2,280.00 and a beta of 0.60. The company has a fifty day simple moving average of GBX 114.39 and a 200-day simple moving average of GBX 113.35.

The company also recently declared a dividend, which was paid on Friday, November 29th. Stockholders of record on Thursday, October 24th were issued a dividend of GBX 0.67 ($0.01) per share. The ex-dividend date of this dividend was Thursday, October 24th. This represents a dividend yield of 0.61%. The Bankers Investment Trust's dividend payout ratio is currently 6,000.00%.

In related news, insider Richard West purchased 284 shares of the firm's stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of GBX 116 ($1.46) per share, for a total transaction of £329.44 ($414.03). Company insiders own 3.24% of the company's stock.

The Bankers Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Henderson Investment Funds Limited. It is co-managed by Henderson Global Investors Limited. The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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