Capital (LON:CAPD) Stock Passes Below 200-Day Moving Average - Here's What Happened

Shares of Capital Limited (LON:CAPD - Get Free Report) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of GBX 73.35 ($1.00) and traded as low as GBX 71 ($0.96). Capital shares last traded at GBX 72.40 ($0.98), with a volume of 103,879 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "hold" rating and issued a GBX 60 ($0.81) price target on shares of Capital in a research note on Wednesday, April 23rd.

Capital Trading Up 6.6%

The company has a quick ratio of 1.36, a current ratio of 1.98 and a debt-to-equity ratio of 58.81. The stock's 50 day moving average price is GBX 69.47 and its 200-day moving average price is GBX 73.11. The stock has a market capitalization of £189.15 million, a P/E ratio of 6.51, a P/E/G ratio of 0.64 and a beta of 0.60.

Capital Announces Dividend

The firm also recently disclosed a dividend, which was paid on Thursday, May 15th. Stockholders of record on Thursday, April 17th were paid a dividend of $0.01 per share. The ex-dividend date of this dividend was Thursday, April 17th. This represents a dividend yield of 1.67%. Capital's dividend payout ratio is presently 25.23%.

Insider Activity

In other news, insider Graeme Dacomb bought 25,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was bought at an average price of GBX 63 ($0.85) per share, with a total value of £15,750 ($21,373.32). Insiders own 21.92% of the company's stock.

Capital Company Profile

Capital Limited is a leading mining services company providing a complete range of drilling, mining, maintenance and geochemical laboratory solutions to customers within the global minerals industry. The Company's services include exploration, delineation and production drilling; load and haul services; maintenance; and geochemical analysis.