Capital Gearing (LON:CGT) Sets New 52-Week High - Still a Buy?

Key Points

• Capital Gearing (LON:CGT) shares hit a new 52-week high at GBX 4,900 ($65.90) during trading, currently trading at GBX 4,860 ($65.37).
• The company's market capitalization stands at £819.35 million, with a notably high P/E ratio of 2,707.82 and a beta of 0.23.
• Insider Karl Sternberg recently invested in the company, purchasing 1,038 shares at GBX 4,819, indicating confidence within the company as insiders own 2.23% of the stock.

Capital Gearing (LON:CGT - ) shares reached a new 52-week high during trading on Thursday . The company traded as high as GBX 4,900 ($65.90) and last traded at GBX 4,860 ($65.37), with a volume of 15149 shares changing hands. The stock had previously closed at GBX 4,870 ($65.50).

Capital Gearing Stock Down 0.0%

The stock has a 50-day moving average of GBX 4,845.88 and a 200-day moving average of GBX 4,811.62. The company has a market cap of £819.35 million, a PE ratio of 2,707.82 and a beta of 0.23.

Insiders Place Their Bets

In other Capital Gearing news, insider Karl Sternberg purchased 1,038 shares of Capital Gearing stock in a transaction on Tuesday, July 22nd. The shares were acquired at an average cost of GBX 4,819 per share, for a total transaction of £50,021.22. 2.23% of the stock is owned by insiders.

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.

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