Capital Gearing (LON:CGT) Share Price Crosses Above Fifty Day Moving Average - Time to Sell?

Key Points

• Capital Gearing share price has crossed above its 50-day moving average of GBX 4,834.35, indicating potential bullish momentum.
• Insider Karl Sternberg purchased 1,038 shares at an average cost of GBX 4,819, suggesting confidence in the stock by company insiders.
• The company boasts a market capitalization of £819.60 million and an exceptionally high price-to-earnings ratio of 2,708.66.

Shares of Capital Gearing (LON:CGT - Get Free Report) crossed above its 50-day moving average during trading on Thursday . The stock has a 50-day moving average of GBX 4,834.35 ($65.99) and traded as high as GBX 4,875 ($66.54). Capital Gearing shares last traded at GBX 4,865 ($66.41), with a volume of 34,674 shares trading hands.

Capital Gearing Stock Performance

The firm has a market capitalization of £817.05 million, a PE ratio of 2,700.22 and a beta of 0.23. The company's 50 day simple moving average is GBX 4,838.54 and its 200-day simple moving average is GBX 4,810.33.

Insider Transactions at Capital Gearing

In other news, insider Karl Sternberg bought 1,038 shares of the 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 corporate insiders.

About Capital Gearing

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.