Capital Gearing (LON:CGT) Share Price Crosses Above 50 Day Moving Average - Here's Why

Capital Gearing (LON:CGT - Get Free Report) shares crossed 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 Price Performance

The stock has a 50-day simple moving average of GBX 4,765.94 and a 200 day simple moving average of GBX 4,754.86. The company has a market capitalization of £1.02 billion, a PE ratio of -7,579.37 and a beta of 0.23.

Insider Buying and Selling at Capital Gearing

In other Capital Gearing news, insider Karl Sternberg acquired 627 shares of the firm's stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average price of GBX 4,786 ($58.44) per share, for a total transaction of £30,008.22 ($36,640.07). Also, insider Paul Yates purchased 1,000 shares of the stock in a transaction on 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). 6.95% of the stock is currently owned by insiders.

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.