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Capital (LON:CAPD) Stock Crosses Below Two Hundred Day Moving Average - Here's Why

Capital logo with Basic Materials background

Capital Limited (LON:CAPD - Get Free Report) shares crossed below its 200-day moving average during trading on Wednesday . The stock has a 200-day moving average of GBX 76.23 ($1.02) and traded as low as GBX 67.60 ($0.90). Capital shares last traded at GBX 67.60 ($0.90), with a volume of 178,053 shares.

Wall Street Analysts Forecast Growth

Separately, Canaccord Genuity Group reiterated a "hold" rating and set a GBX 60 ($0.80) target price on shares of Capital in a report on Wednesday, April 23rd.

Check Out Our Latest Report on Capital

Capital Trading Down 0.3 %

The stock's fifty day moving average price is GBX 65.15 and its 200 day moving average price is GBX 75.71. The stock has a market cap of £175.46 million, a P/E ratio of 6.04, a PEG ratio of 0.64 and a beta of 0.60. The company has a current ratio of 1.98, a quick ratio of 1.36 and a debt-to-equity ratio of 58.81.

Capital Dividend Announcement

The business also recently disclosed a dividend, which will be paid on Thursday, May 15th. Investors of record on Thursday, April 17th will be given a dividend of $0.01 per share. This represents a yield of 1.67%. The ex-dividend date of this dividend is Thursday, April 17th. Capital's dividend payout ratio (DPR) is presently 25.23%.

Insider Activity at Capital

In related news, insider Graeme Dacomb bought 25,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were bought at an average price of GBX 63 ($0.84) per share, for a total transaction of £15,750 ($21,030.85). 21.92% of the stock is currently owned by insiders.

About Capital

(Get Free Report)

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.

Further Reading

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