Castelnau Group (LON:CGL) Share Price Passes Above Two Hundred Day Moving Average - What's Next?

Key Points

• Castelnau Group crossed above its 200-day moving average, trading as high as GBX 90.60 (200-day MA GBX 90.50) with a volume of 45,366 shares on the day.
• The stock has a market cap of £302.16 million, a price-to-earnings ratio of 49.24, a 50-day moving average of GBX 91.98 and a beta of 0.18.
• Formed in 2020 by Phoenix Asset Management Partners, Castelnau is structured as a permanent capital vehicle focused on long-term capital allocation, investments and reallocating resources across its holdings.

Castelnau Group Limited (LON:CGL - ) crossed above its 200-day moving average during trading on Tuesday . The stock has a 200-day moving average of GBX 90.50 and traded as high as GBX 90.60. Castelnau Group shares last traded at GBX 90.60, with a volume of 45,366 shares trading hands.

Castelnau Group Price Performance

The stock has a 50-day moving average of GBX 91.98 and a two-hundred day moving average of GBX 90.50. The firm has a market cap of £302.16 million, a price-to-earnings ratio of 49.24 and a beta of 0.18. The company has a current ratio of 0.02, a quick ratio of 40.25 and a debt-to-equity ratio of 21.75.

Castelnau Group Company Profile

Castelnau Group was formed by Phoenix Asset Management Partners Limited in 2020. The listed structure creates a permanent capital vehicle with which to make long-term investments and acquisitions of all structures and sizes. The business of Castelnau Group is capital allocation. This means that Castelnau Group sits at the centre of the holdings and helps to divert resources towards the most valuable opportunities. Conversely, it is also Castelnau's responsibility to restrict investment into areas that don't make sense. This includes making investments externally and moving resources around between holdings.

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