Apax Global Alpha (LON:APAX) Reaches New 52-Week Low – Here’s Why

Apax Global Alpha (LON:APAX)’s share price hit a new 52-week low during trading on Thursday . The stock traded as low as GBX 127 ($1.64) and last traded at GBX 127.89 ($1.65), with a volume of 584237 shares changing hands. The stock had previously closed at GBX 132.60 ($1.72).

Apax Global Alpha Trading Down 2.5 %

The stock has a fifty day moving average of GBX 135.41 and a two-hundred day moving average of GBX 139.70. The company has a market capitalization of £716.98 million, a PE ratio of 208.34 and a beta of 0.74.

Apax Global Alpha (LON:APAX) last posted its quarterly earnings results on Tuesday, March 4th. The company reported GBX 1.72 ($0.02) EPS for the quarter. Apax Global Alpha had a net margin of 45.55% and a return on equity of 0.27%. Equities analysts forecast that Apax Global Alpha will post 29.4957983 EPS for the current year.

Insiders Place Their Bets

In related news, insider Alexander Denny acquired 15,000 shares of the company’s stock in a transaction dated Wednesday, March 5th. The stock was purchased at an average price of GBX 134 ($1.73) per share, with a total value of £20,100 ($25,999.22). 14.43% of the stock is currently owned by insiders.

About Apax Global Alpha

AGA offers access to a diversified portfolio of high-quality companies by investing in Private Equity Funds advised by Apax. These companies are identified and selected by the Apax team, leveraging their deep sector insights, and drawing on the firm’s 50-year experience.

Capital not currently invested in Private Equity is deployed into a portfolio of debt investments to generate income towards the dividend and additional returns.