Capital Gearing (LON:CGT) Hits New 52-Week High – Time to Buy?

Capital Gearing (LON:CGTGet Free Report) shares reached a new 52-week high on Thursday . The company traded as high as GBX 5,170 and last traded at GBX 5,170, with a volume of 442 shares trading hands. The stock had previously closed at GBX 5,060.

Capital Gearing Price Performance

The stock has a market capitalization of £796.90 million, a PE ratio of 22.34 and a beta of 0.44. The stock’s 50 day simple moving average is GBX 5,044.38 and its two-hundred day simple moving average is GBX 4,986.77.

Insiders Place Their Bets

In related news, insider Karl Sternberg bought 982 shares of the company’s stock in a transaction on Friday, April 17th. The shares were purchased at an average cost of GBX 5,095 per share, for a total transaction of £50,032.90. 1.38% of the stock is currently owned by insiders.

Capital Gearing Company Profile

(Get Free Report)

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller became investment manager in 1982 and is now the longest-serving fund manager in the UK. Since his appointment, the Trust has delivered one of the strongest long-term records in the sector, with only two down years in its entire history. This consistency reflects a disciplined focus on the preservation and growth of shareholders’ real wealth across multiple market cycles.

The Trust’s strategy has evolved over time.

See Also

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