Capital Gearing (LON:CGT) Share Price Crosses Above 50 Day Moving Average - Should You Sell?

Key Points

• Capital Gearing (LON:CGT) shares surpassed their 50-day moving average of GBX 4,799.37, trading as high as GBX 4,845 during recent trading sessions.
• The company reported a net margin of 255.48% and a return on equity of 5.25% in its latest earnings results.
• Insider transactions included notable purchases by Theodora Zemek and Karl Sternberg, who acquired shares at prices around GBX 4,824 and GBX 4,819, respectively.

Capital Gearing (LON:CGT - Get Free Report)'s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 4,799.37 ($63.73) and traded as high as GBX 4,845 ($64.33). Capital Gearing shares last traded at GBX 4,830 ($64.13), with a volume of 54,378 shares changing hands.

Capital Gearing Price Performance

The firm has a market cap of £901.05 million, a price-to-earnings ratio of 19.70 and a beta of 0.23. The business's fifty day moving average is GBX 4,801.17 and its two-hundred day moving average is GBX 4,807.38.

Capital Gearing (LON:CGT - Get Free Report) last issued its quarterly earnings results on Thursday, May 29th. The company reported GBX 107.54 ($1.43) earnings per share for the quarter. Capital Gearing had a net margin of 255.48% and a return on equity of 5.25%.

Insider Buying and Selling

In other Capital Gearing news, insider Theodora Zemek acquired 414 shares of Capital Gearing stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average cost of GBX 4,824 ($64.06) per share, with a total value of £19,971.36 ($26,518.87). Also, insider Karl Sternberg acquired 1,038 shares of Capital Gearing stock in a transaction on Tuesday, July 22nd. The stock was acquired at an average cost of GBX 4,819 ($63.99) per share, for a total transaction of £50,021.22 ($66,420.42). 6.95% of the stock is currently owned by company 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.