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Capital Gearing (LON:CGT) Shares Cross Below 200 Day Moving Average - What's Next?

Capital Gearing logo with Financial Services background

Shares of Capital Gearing (LON:CGT - Get Free Report) crossed below its 200-day moving average during trading on Monday . The stock has a 200-day moving average of GBX 4,746.28 ($60.34) and traded as low as GBX 4,745 ($60.32). Capital Gearing shares last traded at GBX 4,790 ($60.89), with a volume of 53,737 shares.

Capital Gearing Price Performance

The firm has a 50 day moving average price of GBX 4,764.75 and a 200-day moving average price of GBX 4,746.53. The firm has a market cap of £1.02 billion, a price-to-earnings ratio of -7,563.49 and a beta of 0.23.

Insider Buying and Selling at Capital Gearing

In other news, insider Paul Yates purchased 1,000 shares of the business's stock in a transaction that occurred on Wednesday, November 20th. The shares were acquired at an average cost of GBX 4,755 ($60.45) per share, for a total transaction of £47,550 ($60,450.04). Also, insider Karl Sternberg purchased 627 shares of Capital Gearing stock in a transaction dated Wednesday, November 27th. The shares were purchased at an average cost of GBX 4,786 ($60.84) per share, for a total transaction of £30,008.22 ($38,149.28). Corporate insiders own 6.95% of the company's stock.

About Capital Gearing

(Get Free Report)

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.

Further Reading

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