Capital Gearing (LON:CGT) Stock Crosses Below Fifty Day Moving Average - Should You Sell?

Key Points

• Capital Gearing's stock (LON:CGT) recently fell below its 50-day moving average of GBX 4,853.37, trading as low as GBX 4,805.
• The company has a current market capitalization of £824.40 million and an unusually high price-to-earnings ratio of 2,724.52.
• Insider Karl Sternberg purchased 1,038 shares at an average cost of GBX 4,819, indicating ongoing insider interest amid recent stock performance.

Capital Gearing (LON:CGT - ) crossed below its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of GBX 4,853.37 ($65.24) and traded as low as GBX 4,805 ($64.59). Capital Gearing shares last traded at GBX 4,894.15 ($65.79), with a volume of 26,882 shares trading hands.

Capital Gearing Stock Performance

The company has a 50 day moving average of GBX 4,853.37 and a 200 day moving average of GBX 4,815.23. The stock has a market capitalization of £824.40 million, a price-to-earnings ratio of 2,724.52 and a beta of 0.23.

Insider Buying and Selling

In other news, insider Karl Sternberg acquired 1,038 shares of Capital Gearing stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased at an average cost of GBX 4,819 per share, with a total value of £50,021.22. Corporate 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 became investment manager in 1982 and is now the longest-serving fund manager in the UK. Since his appointment, the Trust has delivered one of the strongest long-term records in the sector, with only two down years in its entire history.

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