Capital Gearing (LON:CGT) Stock Price Crosses Above 50 Day Moving Average - Here's What Happened

Key Points

• Capital Gearing's stock price surpassed its 50-day moving average of GBX 4,808.77 ($65.18), reaching a peak of GBX 4,875 ($66.07) during trading.
• The company reported earnings of GBX 107.54 ($1.46) per share for the quarter, with a net margin of 255.48%.
• Insider purchases were made by Karl Sternberg and Theodora Zemek, indicating confidence in the company's future performance, as insiders own 6.95% of the company’s stock.

Capital Gearing (LON:CGT - Get Free Report)'s share price crossed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 4,808.77 ($64.70) and traded as high as GBX 4,875 ($65.59). Capital Gearing shares last traded at GBX 4,810 ($64.72), with a volume of 43,312 shares changing hands.

Capital Gearing Stock Performance

The stock has a market cap of £899.19 million, a price-to-earnings ratio of 19.66 and a beta of 0.23. The company's 50 day simple moving average is GBX 4,813.47 and its 200 day simple moving average is GBX 4,810.62.

Capital Gearing (LON:CGT - Get Free Report) last released its earnings results on Thursday, May 29th. The company reported GBX 107.54 EPS for the quarter. Capital Gearing had a net margin of 255.48% and a return on equity of 5.25%.

Insider Activity

In related news, insider Theodora Zemek bought 414 shares of the stock in a transaction on Tuesday, June 3rd. The shares were purchased at an average price of GBX 4,824 per share, with a total value of £19,971.36. Also, insider Karl Sternberg bought 1,038 shares of the stock in a transaction on Tuesday, July 22nd. The shares were bought at an average cost of GBX 4,819 per share, for a total transaction of £50,021.22. 6.95% of the stock is currently owned by company insiders.

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.