Capital Gearing (LON:CGT) Share Price Crosses Above 50 Day Moving Average – Here’s What Happened

Capital Gearing (LON:CGTGet Free Report)’s stock price passed above its 50 day moving average during trading on Friday . The stock has a 50 day moving average of GBX 4,804.30 ($60.70) and traded as high as GBX 4,875 ($61.59). Capital Gearing shares last traded at GBX 4,835 ($61.09), with a volume of 35,746 shares changing hands.

Capital Gearing Stock Performance

The firm has a market cap of £899.19 million, a P/E ratio of 19.66 and a beta of 0.23. The firm’s fifty day moving average price is GBX 4,804.30 and its 200 day moving average price is GBX 4,778.26.

Insider Activity

In other Capital Gearing news, insider Karl Sternberg purchased 627 shares of Capital Gearing stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price of GBX 4,786 ($60.47) per share, for a total transaction of £30,008.22 ($37,913.10). Company insiders own 6.95% of the company’s stock.

Capital Gearing Company Profile

(Get Free Report)

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller took over as the investment manager of the Company in 1982 and has held that position through to today. Since 1982 the Company has delivered amongst the best returns of any London listed investment trust, with notably few periods of negative performance

Initially Capital Gearing Trust plc invested entirely into investment trust related equity securities.

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