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Capital (LON:CAPD) Stock Passes Below Two Hundred Day Moving Average - Here's What Happened

Capital logo with Basic Materials background

Capital Limited (LON:CAPD - Get Free Report)'s stock price passed below its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 76.96 ($1.02) and traded as low as GBX 67.44 ($0.89). Capital shares last traded at GBX 69.40 ($0.92), with a volume of 338,687 shares trading hands.

Analyst Ratings Changes

Separately, Canaccord Genuity Group reaffirmed a "hold" rating and issued a GBX 60 ($0.80) target price on shares of Capital in a research report on Thursday, March 27th.

Get Our Latest Research Report on CAPD

Capital Stock Performance

The company has a quick ratio of 1.36, a current ratio of 1.98 and a debt-to-equity ratio of 58.81. The firm has a market capitalization of £169.60 million, a PE ratio of 5.84, a price-to-earnings-growth ratio of 0.64 and a beta of 0.60. The firm has a 50-day moving average price of GBX 66.83 and a 200 day moving average price of GBX 76.96.

Capital Announces Dividend

The company also recently announced a dividend, which will be paid on Thursday, May 15th. Shareholders of record on Thursday, April 17th will be given a $0.01 dividend. This represents a yield of 1.67%. The ex-dividend date is Thursday, April 17th. Capital's dividend payout ratio is currently 25.23%.

Insider Buying and Selling

In related news, insider Graeme Dacomb purchased 25,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were bought at an average price of GBX 63 ($0.83) per share, for a total transaction of £15,750 ($20,869.22). 21.92% of the stock is owned by insiders.

About Capital

(Get Free Report)

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company's services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis.

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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