Georgia Capital (LON:CGEO) Sets New 1-Year High - Here's Why

Key Points

• Georgia Capital PLC shares reached a new 52-week high, trading as high as GBX 2,515 ($34.15) and closing at GBX 2,494 ($33.87).
• The company reported a net margin of 58.75% and a return on equity of 4.87%, with analysts expecting earnings of approximately 261 pence per share for the current year.
• Insider Irakli Giluari sold 80 shares recently, contributing to a larger trend where insiders have sold a total of 489,080 shares in the last ninety days.

Georgia Capital PLC (LON:CGEO - Get Free Report) shares hit a new 52-week high on Friday . The company traded as high as GBX 2,515 ($34.15) and last traded at GBX 2,494 ($33.87), with a volume of 27653 shares trading hands. The stock had previously closed at GBX 2,490 ($33.81).

Georgia Capital Trading Down 0.8%

The firm has a market capitalization of £806.43 million, a PE ratio of 57.89 and a beta of 1.18. The business's 50 day simple moving average is GBX 2,226.35 and its two-hundred day simple moving average is GBX 1,853.61.

Georgia Capital (LON:CGEO - Get Free Report) last announced its earnings results on Wednesday, August 6th. The company reported GBX 0.08 earnings per share for the quarter. Georgia Capital had a net margin of 58.75% and a return on equity of 4.87%. As a group, equities research analysts anticipate that Georgia Capital PLC will post 260.9999942 earnings per share for the current year.

Insider Activity

In other news, insider Irakli Giluari sold 80 shares of the business's stock in a transaction on Thursday, August 28th. The shares were sold at an average price of GBX 2,300, for a total transaction of £1,840. Over the last ninety days, insiders have sold 489,080 shares of company stock worth $30,150,010,303,008. Insiders own 8.84% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.