Mattioli Woods (LON:MTW) Share Price Crosses Below 50 Day Moving Average of $717.28

Shares of Mattioli Woods plc (LON:MTW) crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of $717.28 and traded as low as $710.00. Mattioli Woods shares last traded at $722.50, with a volume of 7,248 shares.

Several analysts recently weighed in on the stock. Canaccord Genuity cut their price target on shares of Mattioli Woods from GBX 849 ($11.17) to GBX 822 ($10.81) and set a “buy” rating on the stock in a report on Tuesday, September 3rd. Shore Capital reissued a “buy” rating on shares of Mattioli Woods in a research report on Monday, October 21st.

The business’s 50 day moving average price is GBX 717.28 and its two-hundred day moving average price is GBX 752.36. The stock has a market cap of $193.99 million and a P/E ratio of 23.53.

Mattioli Woods Company Profile (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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