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Capital Gearing (LON:CGT) Stock Price Passes Above 50 Day Moving Average - Should You Sell?

Capital Gearing logo with Financial Services background

Capital Gearing (LON:CGT - Get Free Report) crossed above its 50-day moving average during trading on Wednesday . The stock has a 50-day moving average of GBX 4,800.36 ($65.86) and traded as high as GBX 4,805 ($65.92). Capital Gearing shares last traded at GBX 4,785 ($65.65), with a volume of 43,975 shares.

Capital Gearing Trading Up 0.3%

The firm has a market capitalization of £889.89 million, a PE ratio of 19.45 and a beta of 0.23. The business has a fifty day moving average price of GBX 4,800.66 and a two-hundred day moving average price of GBX 4,800.14.

Capital Gearing (LON:CGT - Get Free Report) last released its quarterly earnings results on Thursday, May 29th. The company reported GBX 107.54 ($1.48) earnings per share for the quarter. Capital Gearing had a return on equity of 5.25% and a net margin of 255.48%.

Insider Buying and Selling at Capital Gearing

In other news, insider Theodora Zemek bought 414 shares of the company's stock in a transaction on Tuesday, June 3rd. The stock was bought at an average cost of GBX 4,824 ($66.18) per share, with a total value of £19,971.36 ($27,399.31). 6.95% of the stock is currently owned by corporate insiders.

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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