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

Capital Gearing (LON:CGT - Get Free Report)'s stock price passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 4,797.23 ($60.53) and traded as high as GBX 4,865 ($61.38). Capital Gearing shares last traded at GBX 4,850 ($61.19), with a volume of 55,280 shares.

Capital Gearing Stock Up 0.2 %

The business has a 50-day simple moving average of GBX 4,799.42 and a two-hundred day simple moving average of GBX 4,776.25. The company has a market cap of £903.83 million, a price-to-earnings ratio of 19.76 and a beta of 0.23.

Insiders Place Their Bets

In other Capital Gearing news, insider Karl Sternberg acquired 627 shares of the company's stock in a transaction dated Wednesday, November 27th. The shares were acquired at an average cost of GBX 4,786 ($60.38) per share, for a total transaction of £30,008.22 ($37,860.48). Also, insider Paul Yates acquired 1,000 shares of the company's stock in a transaction dated Wednesday, November 20th. The stock was acquired at an average price of GBX 4,755 ($59.99) per share, for a total transaction of £47,550 ($59,992.43). Insiders own 6.95% of the company's stock.

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.