Capital (LON:CAPD) Trading Down 10.4% - What's Next?

Key Points

• Shares of Capital Limited fell 10.4% on Friday to GBX 116.05 (previous close GBX 129.50) on about 505,015 shares traded (≈61% below average), and the stock is trading below both its 50‑day (GBX 135.08) and 200‑day (GBX 120.01) moving averages.
• Analyst sentiment is generally positive: Stifel Nicolaus reaffirmed a Buy with a GBX 200 price target, while the consensus is a Moderate Buy with an average target of GBX 126.67, implying upside from current levels.
• Capital is a global mining services group with a market cap of £261.46m, a low P/E of 9.88 and PEG of 0.64, solid liquidity (current ratio 2.47) and moderate leverage (debt/equity 34.84).

Capital Limited (LON:CAPD - Get Free Report) shares were down 10.4% during trading on Friday . The company traded as low as GBX 110.82 and last traded at GBX 116.05. Approximately 505,015 shares changed hands during trading, a decline of 61% from the average daily volume of 1,295,512 shares. The stock had previously closed at GBX 129.50.

Analyst Ratings Changes

Separately, Stifel Nicolaus reaffirmed a "buy" rating and set a GBX 200 price target on shares of Capital in a research note on Thursday, March 19th. Two research analysts have rated the stock with a Buy rating and one has given a Hold rating to the stock. According to MarketBeat, Capital has a consensus rating of "Moderate Buy" and an average target price of GBX 126.67.

Capital Stock Performance

The company has a market cap of £261.46 million, a price-to-earnings ratio of 9.88, a P/E/G ratio of 0.64 and a beta of 0.64. The company has a current ratio of 2.47, a quick ratio of 1.36 and a debt-to-equity ratio of 34.84. The stock's 50 day moving average price is GBX 135.08 and its 200 day moving average price is GBX 120.01.

About Capital

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. The Group's corporate headquarters are in the United Kingdom and it has established operations in Côte d'Ivoire, Canada, Democratic Republic of Congo, Egypt, Gabon, Ghana, Guinea, Kenya, Mali, Mauritania, Nigeria, Pakistan, Saudi Arabia, Tanzania and United States of America. Our brands include Capital Drilling, Capital Mining, MSALABS and Well Force International. Capital Drilling provides a complete range of drilling solutions for projects across the mining cycle from exploration to production. Capital Mining provides Load and Haul services for clients from development to fully operational mine sites. MSALABS are a global provider of geochemical laboratory services for the exploration and mining industries and have an exclusive agreement with Chrysos Corporation to deploy their revolutionary PhotonAssay technology globally.

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