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

Capital Gearing (LON:CGT) passed 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 Stock Up 0.1 %

The company has a market capitalization of £1.02 billion, a price-to-earnings ratio of -7,579.37 and a beta of 0.23. The stock’s 50-day simple moving average is GBX 4,765.94 and its two-hundred day simple moving average is GBX 4,754.86.

Insider Transactions at Capital Gearing

In other Capital Gearing news, insider Karl Sternberg bought 627 shares of the company’s stock in a transaction dated Wednesday, November 27th. The stock was acquired at an average price 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 dated Wednesday, November 20th. The stock was acquired at an average price of GBX 4,755 ($58.06) per share, with a total value of £47,550 ($58,058.61). Corporate insiders own 6.95% of the company’s stock.

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.