Mattioli Woods (LON:MTW) Shares Pass Above 50 Day Moving Average of $707.08

Mattioli Woods plc (LON:MTW)’s stock price passed 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 analysts have recently weighed in on the stock. Shore Capital restated a “buy” rating on shares of Mattioli Woods in a research report on Monday, October 21st. Canaccord Genuity reduced their target price on Mattioli Woods from GBX 849 ($11.09) to GBX 822 ($10.74) and set a “buy” rating on the stock in a research note on Tuesday, September 3rd.

The stock has a market capitalization of $195.47 million and a PE ratio of 23.71. The business has a fifty day moving average price of GBX 709.74 and a 200-day moving average price of GBX 754.79.

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.

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