Personal Assets (LON:PNL) Share Price Passes Above 50-Day Moving Average – Here’s Why

Shares of Personal Assets (LON:PNLGet Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 542.40 and traded as high as GBX 546. Personal Assets shares last traded at GBX 545.38, with a volume of 774,983 shares changing hands.

Personal Assets Price Performance

The stock has a fifty day simple moving average of GBX 542.40 and a 200-day simple moving average of GBX 528.59. The company has a market capitalization of £1.71 billion, a price-to-earnings ratio of 18.79 and a beta of 0.19.

Personal Assets (LON:PNLGet Free Report) last posted its earnings results on Tuesday, December 2nd. The company reported GBX 3.06 earnings per share for the quarter. Personal Assets had a net margin of 116.31% and a return on equity of 7.96%.

About Personal Assets

(Get Free Report)

Personal Assets is what its name implies. It is an investment trust run for private investors, who may often have committed to it a substantial proportion of their personal wealth. Its investment policy is to protect and increase (in that order) the value of shareholders’ funds per share over the long term. It differs from other investment trusts in that its activities are defined not by any particular portfolio specialisation or investment method but by a desire to satisfy the personal requirements of those who invest in it.

Further Reading

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