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Apax Global Alpha (LON:APAX) Shares Cross Below Fifty 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 passed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 124.73 ($1.66) and traded as low as GBX 107.75 ($1.43). Apax Global Alpha shares last traded at GBX 110 ($1.46), with a volume of 9,606,125 shares changing hands.

Apax Global Alpha Price Performance

The company has a fifty day simple moving average of GBX 123.23 and a two-hundred day simple moving average of GBX 134.21. The company has a market capitalization of £664.44 million, a P/E ratio of 193.07 and a beta of 0.74.

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

Insider Buying and Selling at Apax Global Alpha

In other news, insider Alexander Denny acquired 15,000 shares of Apax Global Alpha stock in a transaction on Wednesday, March 5th. The stock was bought at an average price of GBX 134 ($1.78) per share, for a total transaction of £20,100 ($26,735.83). Insiders own 14.43% of the company's stock.

About Apax Global Alpha

(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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