Georgia Capital (LON:CGEO) Reaches New 1-Year High - Here's What Happened

Georgia Capital PLC (LON:CGEO - Get Free Report) shares hit a new 52-week high during mid-day trading on Wednesday . The company traded as high as GBX 1,706 ($22.67) and last traded at GBX 1,682 ($22.35), with a volume of 149451 shares trading hands. The stock had previously closed at GBX 1,680 ($22.32).

Georgia Capital Stock Down 0.4%

The stock has a market capitalization of £739.39 million, a price-to-earnings ratio of 4.71 and a beta of 1.18. The stock has a fifty day moving average of GBX 1,507.30 and a 200-day moving average of GBX 1,298.08.

Georgia Capital (LON:CGEO - Get Free Report) last announced its quarterly earnings results on Monday, February 24th. The company reported GBX 274.45 ($3.65) earnings per share for the quarter. Georgia Capital had a return on equity of 4.87% and a net margin of 58.75%. On average, equities analysts forecast that Georgia Capital PLC will post 260.9999942 EPS for the current fiscal year.

Insider Buying and Selling

In other news, insider Massimo Gesua'sive Salvadori acquired 1,469 shares of Georgia Capital stock in a transaction dated Tuesday, April 8th. The shares were acquired at an average cost of GBX 1,309 ($17.39) per share, with a total value of £19,229.21 ($25,550.37). Also, insider Neil Janin sold 136,402 shares of Georgia Capital stock in a transaction dated Friday, March 7th. The shares were sold at an average price of GBX 1,490 ($19.80), for a total value of £2,032,389.80 ($2,700,491.36). In the last quarter, insiders sold 142,773 shares of company stock worth $212,544,930. 18.07% of the stock is owned by corporate insiders.

About Georgia Capital

Georgia Capital PLC (“Georgia Capital” or “the Group” or “GCAP”– LSE: CGEO LN) is a platform for buying, building and developing businesses in Georgia with holdings in sectors that are expected to benefit from the continued growth and further diversification of the Georgian economy. The Group's focus is typically on larger-scale investment opportunities in Georgia, which have the potential to reach at least GEL 300 million equity value over 3-5 years from the initial investment and to monetise them through exits, as investments mature.