Baker Steel Resources (LON:BSRT) Shares Down 2.4% – Time to Sell?
by Amy Steele · The Cerbat GemBaker Steel Resources (LON:BSRT – Get Free Report) fell 2.4% on Friday . The company traded as low as GBX 80.25 and last traded at GBX 83. 98,413 shares changed hands during trading, a decline of 50% from the average session volume of 196,628 shares. The stock had previously closed at GBX 85.
Wall Street Analyst Weigh In
Separately, Shore Capital reaffirmed a “house stock” rating on shares of Baker Steel Resources in a report on Thursday, December 4th.
Baker Steel Resources Trading Down 2.4%
The stock’s 50-day simple moving average is GBX 75.61 and its 200-day simple moving average is GBX 71.03. The stock has a market cap of £88.36 million and a price-to-earnings ratio of 3.55.
About Baker Steel Resources
Baker Steel Resources Trust Ltd. is a fund of Baker Steel Capital Managers LLP.