Capital Gearing (LON:CGT) Stock Price Passes Above 50 Day Moving Average – Should You Sell?

Capital Gearing (LON:CGT)’s stock price passed above its fifty day moving average during trading on Friday . The stock has a fifty day moving average of GBX 4,765.04 ($58.18) and traded as high as GBX 4,785 ($58.42). Capital Gearing shares last traded at GBX 4,775 ($58.30), with a volume of 303,909 shares changing hands.

Capital Gearing Stock Up 0.1 %

The stock has a fifty day moving average of GBX 4,765.04 and a 200-day moving average of GBX 4,753.92. The firm has a market capitalization of £1.02 billion, a P/E ratio of -7,579.37 and a beta of 0.23.

Insider Transactions at Capital Gearing

In other Capital Gearing news, insider Karl Sternberg bought 627 shares of the business’s stock in a transaction on Wednesday, November 27th. The shares were bought at an average cost of GBX 4,786 ($58.44) per share, for a total transaction of £30,008.22 ($36,640.07). Also, insider Paul Yates purchased 1,000 shares of the stock in a transaction dated Wednesday, November 20th. The shares were acquired at an average price of GBX 4,755 ($58.06) per share, with a total value of £47,550 ($58,058.61). 6.95% of the stock is owned by company insiders.

Capital Gearing Company Profile

Capital Gearing Trust p.l.c is a closed ended fixed income mutual fund launched and managed by CG Asset Management Limited. The fund invests in the public equity and fixed income markets of the United Kingdom. It invests in the stocks of companies operating across diversified sectors. For the fixed income portion of the portfolio the fund primarily invests in government bonds.