Free Trial

Capital Gearing (LON:CGT) Share Price Crosses Above 50 Day Moving Average - What's Next?

Capital Gearing logo with Financial Services background

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.
  • Five stocks we like better than Capital Gearing.

Shares of Capital Gearing (LON:CGT - Get Free Report) passed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of GBX 4,834.35 ($65.65) and traded as high as GBX 4,875 ($66.20). Capital Gearing shares last traded at GBX 4,865 ($66.06), with a volume of 34,674 shares traded.

Capital Gearing Stock Performance

The business's 50 day moving average is GBX 4,834.35 and its 200 day moving average is GBX 4,810.15. The company has a market capitalization of £819.60 million, a price-to-earnings ratio of 2,708.66 and a beta of 0.23.

Insider Buying and Selling

In related news, insider Karl Sternberg bought 1,038 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The stock was bought 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 company insiders.

About Capital Gearing

(Get Free Report)

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.

Recommended Stories

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Capital Gearing Right Now?

Before you consider Capital Gearing, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Capital Gearing wasn't on the list.

While Capital Gearing currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

The 10 Best AI Stocks to Own in 2025 Cover

Wondering where to start (or end) with AI stocks? These 10 simple stocks can help investors build long-term wealth as artificial intelligence continues to grow into the future.

Get This Free Report
Like this article? Share it with a colleague.