Monks (LON:MNKS) Shares Pass Below 50-Day Moving Average – Here’s Why

Monks (LON:MNKSGet Free Report)’s stock price passed below its fifty day moving average during trading on Monday . The stock has a fifty day moving average of GBX 1,273.45 ($16.54) and traded as low as GBX 1,150 ($14.93). Monks shares last traded at GBX 1,162 ($15.09), with a volume of 618,481 shares changing hands.

Monks Stock Performance

The firm has a fifty day moving average of GBX 1,268.07 and a 200 day moving average of GBX 1,244.42. The stock has a market capitalization of £2.27 billion, a price-to-earnings ratio of 3.82 and a beta of 0.71. The company has a debt-to-equity ratio of 8.47, a current ratio of 0.67 and a quick ratio of 0.22.

About Monks

(Get Free Report)

The Trust aims for long-term capital growth which takes priority over income. This is pursued through applying a patient approach to investment, principally from a differentiated, actively managed global equity portfolio containing a diversified range of growth stocks – companies with above average earnings growth – which we expect to hold for around five years on average.

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