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Apax Global Alpha (LON:APAX) Share Price Crosses Below Fifty Day Moving Average - Here's What Happened

Apax Global Alpha logo with Financial Services background

Shares of Apax Global Alpha (LON:APAX - Get Free Report) crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 115.85 ($1.57) and traded as low as GBX 114.20 ($1.55). Apax Global Alpha shares last traded at GBX 115.40 ($1.57), with a volume of 452,036 shares traded.

Apax Global Alpha Price Performance

The stock has a 50 day moving average price of GBX 116.18 and a two-hundred day moving average price of GBX 127.50. The firm has a market capitalization of £674.95 million, a price-to-earnings ratio of 196.12 and a beta of 0.74.

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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