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

Capital Gearing (LON:CGT)’s stock price 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 changing hands.

Capital Gearing Stock Up 0.1 %

The business has a 50 day moving average of GBX 4,765.04 and a 200 day moving average of GBX 4,753.92. The firm has a market cap of £1.02 billion, a price-to-earnings ratio of -7,579.37 and a beta of 0.23.

Insider Buying and Selling

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

About Capital Gearing

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.