Castelnau Group (LON:CGL) Stock Crosses Below 200-Day Moving Average – Here’s Why

Castelnau Group Limited (LON:CGL)’s share price crossed below its 200-day moving average during trading on Friday . The stock has a 200-day moving average of GBX 94.58 ($1.19) and traded as low as GBX 94 ($1.18). Castelnau Group shares last traded at GBX 94.22 ($1.19), with a volume of 3,865 shares traded.

Castelnau Group Price Performance

The company has a current ratio of 0.13, a quick ratio of 40.25 and a debt-to-equity ratio of 20.62. The company has a market cap of £300.92 million, a price-to-earnings ratio of -3,140.67 and a beta of 0.19. The company’s 50 day moving average price is GBX 94.45 and its 200 day moving average price is GBX 94.58.

Insiders Place Their Bets

In related news, insider Joanne Peacegood bought 21,344 shares of the company’s stock in a transaction on Tuesday, November 5th. The stock was bought at an average cost of GBX 94 ($1.18) per share, with a total value of £20,063.36 ($25,246.46). 4.68% of the stock is currently owned by insiders.

About Castelnau Group

Castelnau Group was formed by Phoenix Asset Management Partners Limited in 2020. The listed structure creates a permanent capital vehicle with which to make long-term investments and acquisitions of all structures and sizes.

The business of Castelnau Group is capital allocation. This means that Castelnau Group sits at the centre of the holdings and helps to divert resources towards the most valuable opportunities.