Capital Gearing (LON:CGT) Shares Pass Above Fifty Day Moving Average – Here’s Why

Capital Gearing (LON:CGTGet Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 4,764.98 ($61.79) and traded as high as GBX 4,769.94 ($61.86). Capital Gearing shares last traded at GBX 4,740 ($61.47), with a volume of 80,098 shares trading hands.

Capital Gearing Price Performance

The business has a 50 day moving average of GBX 4,764.98 and a 200 day moving average of GBX 4,740.09. The firm has a market capitalization of £1.01 billion, a price-to-earnings ratio of -7,523.81 and a beta of 0.23.

About Capital Gearing

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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.

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