Mattioli Woods (LON:MTW) Stock Price Passes Above 50-Day Moving Average of $707.08

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Mattioli Woods plc (LON:MTW) shares crossed above its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of $707.08 and traded as high as $736.00. Mattioli Woods shares last traded at $732.75, with a volume of 6,689 shares.

Several research firms have weighed in on MTW. Shore Capital reissued a “buy” rating on shares of Mattioli Woods in a report on Monday, October 21st. Canaccord Genuity dropped their price target on Mattioli Woods from GBX 849 ($11.09) to GBX 822 ($10.74) and set a “buy” rating for the company in a research report on Tuesday, September 3rd.

The stock’s 50 day moving average is GBX 707.08 and its 200 day moving average is GBX 755.53. The stock has a market capitalization of $196.74 million and a price-to-earnings ratio of 23.87.

About Mattioli Woods (LON:MTW)

Mattioli Woods plc provides wealth management and employee benefit services in the United Kingdom. It operates through Pension Consultancy and Administration, Investment and Asset Management, Property Management, and Employee Benefits segments. The company offers financial planning services, such as wealth building, trust planning, inheritance tax and estate planning, exit planning, and executive financial counselling services; investment products and services to support client strategies, as well as strategic planning and advisory services; and self-invested personal and small self-administered pension schemes, and trustee services.

Read More: How Investors Use a Balance Sheet

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