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

Capital Gearing (LON:CGT)’s share price passed above its fifty day moving average during trading on Wednesday . The stock has a fifty day moving average of GBX 4,789.04 ($59.87) and traded as high as GBX 4,840 ($60.51). Capital Gearing shares last traded at GBX 4,825 ($60.32), with a volume of 58,826 shares trading hands.

Capital Gearing Price Performance

The firm has a 50-day moving average price of GBX 4,789.04 and a 200 day moving average price of GBX 4,767.46. The company has a market cap of £1.03 billion, a price-to-earnings ratio of -7,666.67 and a beta of 0.23.

Capital Gearing (LON:CGT) last posted its earnings results on Wednesday, November 13th. The company reported GBX 36.16 ($0.45) EPS for the quarter.

Insider Buying and Selling

In other Capital Gearing news, insider Karl Sternberg bought 627 shares of Capital Gearing stock in a transaction on Wednesday, November 27th. The shares were purchased at an average price of GBX 4,786 ($59.83) per share, with a total value of £30,008.22 ($37,514.96). Also, insider Paul Yates acquired 1,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 20th. The shares were purchased at an average cost of GBX 4,755 ($59.44) per share, for a total transaction of £47,550 ($59,444.93). 6.95% of the stock is currently owned by company insiders.

Capital Gearing Company Profile

Capital Gearing Trust plc was admitted to the London Stock Exchange in 1973. Peter Spiller took over as the investment manager of the Company in 1982 and has held that position through to today. Since 1982 the Company has delivered amongst the best returns of any London listed investment trust, with notably few periods of negative performance

Initially Capital Gearing Trust plc invested entirely into investment trust related equity securities.