Capital Gearing (LON:CGT) Sets New 1-Year High - Should You Buy?

Key Points

• Capital Gearing (LON:CGT) reached a new 52-week high of GBX 4,910 ($65.50) during trading on Monday, showing an increase from its previous close of GBX 4,896.92 ($65.33).
• The company has a market capitalization of £807.66 million, a remarkably high PE ratio of 2,728.03, and a low beta of 0.23, indicating lower risk relative to the market.
• Insider Karl Sternberg purchased 1,038 shares at an average price of GBX 4,819, reflecting confidence as insiders currently own 1.38% of the stock.

Capital Gearing (LON:CGT - ) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as GBX 4,910 ($65.50) and last traded at GBX 4,910 ($65.50), with a volume of 43159 shares trading hands. The stock had previously closed at GBX 4,896.92 ($65.33).

Capital Gearing Stock Up 0.2%

The stock's fifty day moving average price is GBX 4,860.38 and its two-hundred day moving average price is GBX 4,818.95. The company has a market capitalization of £807.66 million, a PE ratio of 2,728.03 and a beta of 0.23.

Insider Transactions at Capital Gearing

In other news, insider Karl Sternberg bought 1,038 shares of the stock in a transaction dated Tuesday, July 22nd. The stock was bought at an average price of GBX 4,819 per share, for a total transaction of £50,021.22. 1.38% of the stock is currently owned by insiders.

Capital Gearing Company Profile

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller became investment manager in 1982 and is now the longest-serving fund manager in the UK. Since his appointment, the Trust has delivered one of the strongest long-term records in the sector, with only two down years in its entire history.

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