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Capital Gearing (LON:CGT) Stock Crosses Below 200 Day Moving Average - Here's What Happened

Capital Gearing logo with Financial Services background

Capital Gearing (LON:CGT - Get Free Report) crossed below its two hundred day moving average during trading on Thursday . The stock has a two hundred day moving average of GBX 4,800.14 ($65.51) and traded as low as GBX 4,780 ($65.24). Capital Gearing shares last traded at GBX 4,805 ($65.58), with a volume of 20,249 shares changing hands.

Capital Gearing Price Performance

The firm's 50-day moving average is GBX 4,801.66 and its 200-day moving average is GBX 4,800.14. The company has a market capitalization of £893.61 million, a P/E ratio of 19.54 and a beta of 0.23.

Capital Gearing (LON:CGT - Get Free Report) last announced its earnings results on Thursday, May 29th. The company reported GBX 107.54 ($1.47) 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 Transactions at Capital Gearing

In other news, insider Theodora Zemek purchased 414 shares of the stock in a transaction on Tuesday, June 3rd. The shares were acquired at an average price of GBX 4,824 ($65.84) per share, with a total value of £19,971.36 ($27,257.21). Company insiders own 6.95% of the company's stock.

Capital Gearing Company Profile

(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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