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

Apax Global Alpha (LON:APAX - Get Free Report)'s share price crossed below its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 122.14 ($1.64) and traded as low as GBX 115 ($1.55). Apax Global Alpha shares last traded at GBX 116.80 ($1.57), with a volume of 4,184,729 shares traded.

Apax Global Alpha Stock Performance

The firm's fifty day simple moving average is GBX 121.23 and its 200-day simple moving average is GBX 133.25. The stock has a market cap of £706.95 million, a P/E ratio of 205.42 and a beta of 0.74.

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

Insider Buying and Selling

In other news, insider Alexander Denny bought 15,000 shares of the firm's stock in a transaction on Wednesday, March 5th. The stock was acquired at an average cost of GBX 134 ($1.80) per share, with a total value of £20,100 ($27,005.24). 14.43% of the stock is owned by corporate insiders.

Apax Global Alpha Company Profile

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.