Apax Global Alpha (LON:APAX) Stock Crosses Above Fifty Day Moving Average – What’s Next?

Shares of Apax Global Alpha (LON:APAX) passed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 141.46 ($1.77) and traded as high as GBX 143 ($1.79). Apax Global Alpha shares last traded at GBX 142 ($1.78), with a volume of 255,053 shares changing hands.

Apax Global Alpha Trading Down 1.2 %

The stock has a market cap of £688.65 million, a price-to-earnings ratio of 1,558.07 and a beta of 0.74. The stock’s 50 day moving average is GBX 141.46 and its two-hundred day moving average is GBX 145.40.

Insider Transactions at Apax Global Alpha

In related news, insider Alexander Denny bought 16,737 shares of the stock in a transaction on Thursday, October 17th. The shares were bought at an average cost of GBX 140 ($1.75) per share, for a total transaction of £23,431.80 ($29,319.07). Insiders own 14.43% of the company’s stock.

About Apax Global Alpha

Apax Global Alpha Limited specializes in fund of funds investments. It seeks to invest in public, private debt, and equity investments. Under fund of funds, the fund seeks to invest in private equity funds managed by Apax Partners. It also makes derived investments which are investments in equities and debt derived from the insights gained via Apax' Private Equity activities.