Capital Gearing (LON:CGT) Shares Pass Above 50 Day Moving Average – Time to Sell?

Capital Gearing (LON:CGT)’s share price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 4,797.23 ($60.38) and traded as high as GBX 4,865 ($61.23). Capital Gearing shares last traded at GBX 4,850 ($61.04), with a volume of 55,280 shares.

Capital Gearing Stock Performance

The business’s 50 day moving average is GBX 4,798.02 and its 200 day moving average is GBX 4,775.24. The stock has a market cap of £901.98 million, a price-to-earnings ratio of 19.72 and a beta of 0.23.

Capital Gearing (LON:CGT) last issued its earnings results on Wednesday, November 13th. The company reported GBX 36.16 ($0.46) earnings per share (EPS) for the quarter. Capital Gearing had a net margin of 255.48% and a return on equity of 5.25%.

Insider Buying and Selling at Capital Gearing

In other Capital Gearing news, insider Paul Yates acquired 1,000 shares of Capital Gearing stock in a transaction that occurred on Wednesday, November 20th. The stock was acquired at an average price of GBX 4,755 ($59.85) per share, with a total value of £47,550 ($59,848.96). Also, insider Karl Sternberg acquired 627 shares of Capital Gearing stock in a transaction that occurred on Wednesday, November 27th. The stock was acquired at an average cost of GBX 4,786 ($60.24) per share, with a total value of £30,008.22 ($37,769.94). Company insiders own 6.95% of the company’s stock.

About Capital Gearing

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.