Capital Gearing (LON:CGT) Stock Passes Above 50 Day Moving Average – Here’s Why

Shares of Capital Gearing (LON:CGT) crossed above its 50-day moving average during trading on Friday . The stock has a 50-day moving average of GBX 4,765.04 ($58.18) and traded as high as GBX 4,785 ($58.42). Capital Gearing shares last traded at GBX 4,775 ($58.30), with a volume of 303,909 shares.

Capital Gearing Price Performance

The stock has a market cap of £1.02 billion, a price-to-earnings ratio of -7,579.37 and a beta of 0.23. The company’s fifty day moving average price is GBX 4,765.94 and its 200-day moving average price is GBX 4,754.86.

Insider Buying and Selling at Capital Gearing

In other Capital Gearing news, insider Karl Sternberg acquired 627 shares of the company’s stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of GBX 4,786 ($58.44) per share, with a total value of £30,008.22 ($36,640.07). Also, insider Paul Yates bought 1,000 shares of Capital Gearing stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of GBX 4,755 ($58.06) per share, with a total value of £47,550 ($58,058.61). 6.95% of the stock is currently owned by company insiders.

Capital Gearing Company Profile

Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds.