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

Monks (LON:MNKSGet Free Report)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 1,261.19 ($15.40) and traded as low as GBX 1,252 ($15.29). Monks shares last traded at GBX 1,252 ($15.29), with a volume of 3,358,936 shares changing hands.

Monks Trading Down 1.1 %

The business has a 50-day moving average of GBX 1,261.19 and a 200-day moving average of GBX 1,197.59. The stock has a market capitalization of £2.53 billion, a price-to-earnings ratio of 703.37 and a beta of 0.71. The company has a debt-to-equity ratio of 8.39, a quick ratio of 0.22 and a current ratio of 0.82.

About Monks

(Get Free Report)

The Monks Investment Trust PLC is a closed-ended equity mutual fund launched and managed by Baillie Gifford & Co Ltd. It is co-managed by Baillie Gifford & Co The fund invests in public equity markets across the globe. It seeks to invest in stocks of companies operating across diversified sectors.

Further Reading

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