Capital Gearing (LON:CGT) Stock Passes Above Fifty Day Moving Average - Here's What Happened

Capital Gearing (LON:CGT - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 4,781.44 ($59.29) and traded as high as GBX 4,810.98 ($59.65). Capital Gearing shares last traded at GBX 4,800 ($59.52), with a volume of 77,503 shares changing hands.

Capital Gearing Stock Performance

The stock has a fifty day simple moving average of GBX 4,785.44 and a two-hundred day simple moving average of GBX 4,765.45. The stock has a market capitalization of £1.03 billion, a price-to-earnings ratio of -7,650.79 and a beta of 0.23.

Capital Gearing (LON:CGT - Get Free Report) last released its earnings results on Wednesday, November 13th. The company reported GBX 36.16 ($0.45) EPS for the quarter.

Insider Activity at Capital Gearing

In other news, insider Paul Yates bought 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were bought at an average cost of GBX 4,755 ($58.96) per share, with a total value of £47,550 ($58,958.46). Also, insider Karl Sternberg bought 627 shares of the business's stock in a transaction that occurred on Wednesday, November 27th. The stock was purchased at an average price of GBX 4,786 ($59.34) per share, for a total transaction of £30,008.22 ($37,207.96). 6.95% of the stock is owned by corporate insiders.

Capital Gearing Company Profile

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller took over as the investment manager of the Company in 1982 and has held that position through to today. Since 1982 the Company has delivered amongst the best returns of any London listed investment trust, with notably few periods of negative performance Initially Capital Gearing Trust plc invested entirely into investment trust related equity securities.