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Apax Global Alpha (LON:APAX) Shares Cross Above 50-Day Moving Average - Here's Why

Apax Global Alpha logo with Financial Services background

Apax Global Alpha (LON:APAX - Get Free Report)'s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 117.56 ($1.57) and traded as high as GBX 120.70 ($1.61). Apax Global Alpha shares last traded at GBX 119.80 ($1.60), with a volume of 315,357 shares changing hands.

Apax Global Alpha Trading Down 0.0%

The stock has a market capitalization of £706.47 million, a price-to-earnings ratio of 205.29 and a beta of 0.74. The firm has a 50-day moving average of GBX 117.32 and a 200 day moving average of GBX 131.03.

Apax Global Alpha (LON:APAX - Get Free Report) last released its quarterly earnings results on Tuesday, March 4th. The company reported GBX 1.72 ($0.02) earnings per share for the quarter. Apax Global Alpha had a return on equity of 0.27% and a net margin of 45.55%. Equities research analysts predict that Apax Global Alpha will post 29.4957983 EPS for the current fiscal year.

Insider Activity

In other news, insider Alexander Denny acquired 15,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The shares were purchased at an average cost of GBX 134 ($1.79) per share, with a total value of £20,100 ($26,846.53). 14.43% of the stock is currently owned by insiders.

Apax Global Alpha Company Profile

(Get Free Report)

AGA offers access to a diversified portfolio of high-quality companies by investing in Private Equity Funds advised by Apax. These companies are identified and selected by the Apax team, leveraging their deep sector insights, and drawing on the firm's 50-year experience. Capital not currently invested in Private Equity is deployed into a portfolio of debt investments to generate income towards the dividend and additional returns.

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