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

Capital Gearing logo with Financial Services background

Capital Gearing (LON:CGT - Get Free Report) shares crossed above its 50 day moving average during trading on Tuesday . The stock has a 50 day moving average of GBX 4,797.87 ($64.48) and traded as high as GBX 4,825 ($64.84). Capital Gearing shares last traded at GBX 4,820 ($64.78), with a volume of 55,197 shares.

Capital Gearing Price Performance

The stock has a market cap of £898.26 million, a P/E ratio of 19.64 and a beta of 0.23. The business's 50 day simple moving average is GBX 4,798.67 and its 200 day simple moving average is GBX 4,805.18.

Capital Gearing (LON:CGT - Get Free Report) last posted its earnings results on Thursday, May 29th. The company reported GBX 107.54 ($1.45) earnings per share (EPS) 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 news, insider Karl Sternberg bought 1,038 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was bought at an average price of GBX 4,819 ($64.76) per share, for a total transaction of £50,021.22 ($67,223.79). Also, insider Theodora Zemek bought 414 shares of the business's stock in a transaction dated Tuesday, June 3rd. The stock was purchased at an average price of GBX 4,824 ($64.83) per share, with a total value of £19,971.36 ($26,839.62). Insiders own 6.95% of the company's stock.

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.

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