Georgia Capital (LON:CGEO) Reaches New 1-Year High – Here’s Why

Georgia Capital PLC (LON:CGEO) shares hit a new 52-week high during trading on Tuesday . The company traded as high as GBX 3,380 and last traded at GBX 3,375, with a volume of 47164 shares trading hands. The stock had previously closed at GBX 3,265.

Georgia Capital Trading Up 0.1%

The firm has a 50-day simple moving average of GBX 3,042.29 and a two-hundred day simple moving average of GBX 2,596.74. The company has a market capitalization of £1.06 billion, a price-to-earnings ratio of 0.79 and a beta of 1.18.

Georgia Capital (LON:CGEO) last released its quarterly earnings data on Tuesday, December 16th. The company reported GBX 274.45 earnings per share (EPS) for the quarter. Georgia Capital had a net margin of 58.75% and a return on equity of 4.87%. On average, sell-side analysts forecast that Georgia Capital PLC will post 260.9999942 earnings per share for the current year.

Insiders Place Their Bets

In related news, insider Irakli Giluari sold 60,000 shares of the company’s stock in a transaction on Friday, December 19th. The stock was sold at an average price of GBX 3,000, for a total value of £1,800,000. 8.90% of the stock is currently owned by company insiders.

About Georgia Capital

Georgia Capital PLC (“Georgia Capital” or “the Group” or “GCAP”– LSE: CGEO LN) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group’s focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature.