Capital Gearing (LON:CGT) Sets New 1-Year High - What's Next?

Key Points

• Capital Gearing (LON:CGT) reached a new 52-week high of GBX 4,900 ($65.89) during trading, marking a significant increase in market activity.
• The company has a market capitalization of £824.06 million and a notably high PE ratio of 2,723.41, indicating strong investor confidence despite its high valuation.
• Insider Karl Sternberg purchased 1,038 shares at an average price of GBX 4,819, demonstrating insider belief in the company's future prospects.

Capital Gearing (LON:CGT - ) reached a new 52-week high during trading on Wednesday . The company traded as high as GBX 4,900 ($65.89) and last traded at GBX 4,900 ($65.89), with a volume of 18085 shares. The stock had previously closed at GBX 4,885 ($65.69).

Capital Gearing Price Performance

The stock has a market capitalization of £824.06 million, a PE ratio of 2,723.41 and a beta of 0.23. The business has a 50 day moving average price of GBX 4,850.28 and a 200 day moving average price of GBX 4,813.96.

Insider Transactions at Capital Gearing

In other news, insider Karl Sternberg bought 1,038 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were acquired 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 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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