Capital Gearing (LON:CGT) Shares Pass Below 50 Day Moving Average - Here's What Happened

Key Points

• Capital Gearing's share price has fallen below its 50-day moving average of GBX 4,825.62, with current trading at GBX 4,825.
• The company has a market capitalization of £822.97 million and a very high price-to-earnings ratio of 2,680.76.
• Insider Karl Sternberg purchased 1,038 shares at an average cost of GBX 4,819, indicating confidence in the company's stock.

Capital Gearing (LON:CGT - Get Free Report)'s share price crossed below its 50-day moving average during trading on Tuesday . The stock has a 50-day moving average of GBX 4,825.62 ($65.18) and traded as low as GBX 4,825 ($65.17). Capital Gearing shares last traded at GBX 4,825 ($65.17), with a volume of 25,121 shares changing hands.

Capital Gearing Trading Up 0.2%

The firm has a fifty day simple moving average of GBX 4,829.14 and a 200 day simple moving average of GBX 4,809.42. The stock has a market cap of £827.51 million, a price-to-earnings ratio of 2,695.56 and a beta of 0.23.

Insider Activity

In related news, insider Karl Sternberg bought 1,038 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was 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 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.