Capital Gearing (LON:CGT) Hits New 12-Month High - What's Next?

Key Points

• Capital Gearing (LON:CGT) shares reached a new 52-week high at GBX 4,900 ($66.44) during trading on Monday, closing at GBX 4,878.35 ($66.15).
• The company has a market capitalization of £823.78 million, a price-to-earnings ratio of 2,722.47, and insider ownership sits at 2.23%.
• Founded in 1973 and managed by Peter Spiller since 1982, Capital Gearing has consistently provided strong returns among London-listed investment trusts.

Capital Gearing (LON:CGT - Get Free Report) hit a new 52-week high during mid-day trading on Monday . The company traded as high as GBX 4,900 ($66.41) and last traded at GBX 4,878.35 ($66.12), with a volume of 1715 shares traded. The stock had previously closed at GBX 4,865 ($65.94).

Capital Gearing Price Performance

The firm has a market capitalization of £817.38 million, a PE ratio of 2,701.31 and a beta of 0.23. The stock has a 50-day moving average price of GBX 4,840.93 and a 200-day moving average price of GBX 4,810.57.

Insider Activity

In other news, insider Karl Sternberg acquired 1,038 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased at an average cost of GBX 4,819 per share, with a total value of £50,021.22. Insiders own 2.23% of the company's stock.

Capital Gearing Company Profile

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller took over as the investment manager of the Company in 1982 and has held that position through to today. Since 1982 the Company has delivered amongst the best returns of any London listed investment trust, with notably few periods of negative performance Initially Capital Gearing Trust plc invested entirely into investment trust related equity securities.